Understanding Health Insurance Lingo

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  • Deductibles
  • Co-insurance
  •  Premiums
  • Subsidized Plans
  • Benefits
  • Medicaid
  • Medicare
  • Pre-Existing Conditions
  • Why You Need to Know These Terms
  • Co-pays


A premium is what you pay every month to the insurance company for your health care. This is the first thing you should consider when shopping for health insurance. You have to make a budget to make sure you can afford this fee every month. How much you pay depends on an array of factors: age, gender and which type of plan you enroll in. 

(Photo: Rolf Bruderer/Getty Images)

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