Yes, in addition to paying your monthly or annual premium for your health insurance policy, many coverages automatically include cost sharing expense that you are also responsible for paying. That’ s right, these costs are in addition to your health plan premium. So what are these costs and how do they work?
If you are new to health insurance or reading about it for the first time, it can be a lot like reading a foreign language. This is a quick rundown of definitions for the many terms used around and within the healthcare industry. We hope to give some clarity and allow you to better navigate the health insurance world.
The Affordable Care Act (ACA) allows companies to shop for health insurance plans based on their group size - you are either a small group or a large group, but which one?