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Understanding healthcare costs

Learn what makes up healthcare costs and how the cost is shared.

Need help understanding the costs of healthcare?

We know healthcare and insurance can be complicated and overwhelming. Here are resources to help your understanding.

Common terms

Premium

A premium is your monthly payment for health insurance.

Deductible

The amount you pay each year for covered healthcare before your health plan begins to pay.

Coinsurance

The amount you pay for covered healthcare after you meet your deductible.

Out-of-pocket maximum

The most you will pay each year for covered healthcare.

Copay or copayment

A set fee you pay for a doctor visit or prescription.

Learning resources

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How healthcare expenses are shared

Learn how you and your health insurance pay for your healthcare.

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Care Cost Estimator

Learn how to estimate medical care costs in advance.

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How to read an Explanation of Benefits

An Explanation of Benefits (EOB) shows what your health plan paid and the amount you owe.

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Third-party payments of premiums

Learn who we do and do not accept premium payments from.

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Healthcare cost transparency

We are working to make your coverage and personal expenses more clear in advance of receiving healthcare.