Health Insurance provides financial assistance if you become sick or injured. Health Insurance also covers preventative care (i.e. doctor visits, tests before getting sick).
 

Health Insurance doesn’t always cover 100% of your costs. Most policies are designed to share costs up to a certain point, called the Out-of-Pocket Limit. After you reach that limit, Health Insurance will pay 100% of the costs.
 

It is important to know the features of your Health Insurance Plan in order to have a policy that fits your needs. Some features to be aware of are:
 

• Your Deductible: The amount that you owe first before insurance owes
   

• Your Co-Payment: The amount that you pay upfront at appointments
   

• Your Co-Insurance: The percentage of cost that you are responsible for versus what insurance covers
   

• Your Out-of-Pocket Limit: The max limit that you’ll spend on Health costs in one plan year