Understanding Premiums, Deductibles, Copays and Out-of-Pocket Maximums
1:59
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Understanding Premiums, Deductibles, Copays and Out-of-Pocket Maximums
These terms describe how much you pay out of your paycheck, how much you or your insurance pays for doctor visits and the maximum you will pay per year. These terms are important to understand so that you know how much your insurance plan is going to cost you. A deductible is a fixed amount of money that you must pay for medical expenses before ...
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