Co-insurance- The percentage of the bill you are responsible for after the deductible has been paid.  The insurance company will pay the remaining percentage.

Copay- A fee the policy holder pays for an office visit or specific treatment.

Deductible- The amount you pay before your insurance company starts paying.

Exclusions/Limits- These are the medical treatments your healthcare provider either doesn’t cover or only partially covers. Also, some policies limit their payout to a yearly or lifetime sum.

Premium- The cost, per pay period, of an insurance plan.  Health insurance policies usually have a monthly premium.