Glossary

Coinsurance – The share of the payment made against a claim. With coinsurance, you and the insurance company share the costs.

Consumer-Driven Health Plan – A high deductible health plan that is combined with a health savings account (HSA), allowing you to pay for certain medical expenses with money free from federal taxes.

Deductible – The annual amount you are responsible for paying before your insurance company pays a claim.

High deductible health plan – A medical plan in which you typically pay less in monthly premiums but have a larger deductible when compared to a traditional medical plan.

Imputed income – The value of a cash or non-cash employee benefit that must be treated as income to calculate federal taxes

Out-of-pocket maximum – The most you and your covered dependents will pay for covered services in a plan year.

PPO – Preferred Provider Organization

Contributions – Your per paycheck or monthly plan costs.

Preventive care – Free check-ups, screenings, and counseling that help you and your covered dependents avoid preventable diseases and illness.