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Just imagine you are out buying a car and you are told the technical specifications of the car and you have just no knowledge at all about what is being said to you. In many cases it can happen to you. When you are buying a health insurance policy, you can face the same problem because everything has a typical technical language associated with it. Fortunately, you do not have to join any school to know about some basic and commonly used terms in health insurance companies.

First term to know about is premium. It is that amount, which you will pay to the health insurance company every month for the coverage you are getting by buying the health insurance policy.
Co-Pay is a fixed fee that the owner of health insurance policy will pay when visiting emergency rooms, doctor’s office and prescriptions etc. the rest of the amount is covered by the company itself.
Deductible is the amount that you will spend prior to the beginning of coverage by health insurance. The higher your deductibles are, the lower your premium will be. So try to maintain your deductibles as high as can be easily.

Health savings account is a type of account in which you can put pretax income of yours for controlling the medical spending you may face. Till the time this money is used for medical purposes, this money won’t be taxed. It is a bonus on your health insurance policy and you will be much secured if you have HS account.
These terms are frequently used by health insurance companies, so you have a good idea about them now. If there is any other term you come across and you do not understand its meaning or relevance, do not hesitate to ask about it from your agent as soon as possible.