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- Insurance provider/carrier, refers to the company that provides you and your family health insurance.
- Insured/policy holder, is the individual or family that is provided health insurance.
- Premium, the amount you pay each month to keep and maintain your health insurance.
- Deductible, refers to the amount you must cover before your insurance provider begins to pay.
- Co-payment, is a fixed amount you must pay for covered services, this amount determined based on your insurance policy.
- Co-insurance, is a percentage of a medical bill you pay, with the rest paid by your health insurance provider.