Understanding Health Insurance Lingo

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


Co-insurance is the health-care cost sharing between you and your insurance company that number ranges from 80/20 or 50/50. If you have an 80/20 arrangement, your health care company would pay for 80 percent of all medical costs that year, while you pay 20 percent. But the cost-sharing stops when you meet your out-of-pocket max, which is usually between $1,000-$5,000.

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