[su_box title=”Keep in mind…” style=”default”] A plan sponsor is typically an employer For public health insurance, the plan sponsor is the federal or state government Plan sponsors create the health care plan for a third party [/su_box] In the insurance industry, there are various parties who may set up insurance Read more…
[su_box title=”Keep in mind…” style=”default”] A policyholder is the person named on the insurance policy contract Joint policyholders have both their names on the insurance policy contract Policyholders, when it comes to group health insurance, are sometimes employers [/su_box] When discussing insurance, one of the terms that is most frequently Read more…
[su_box title=”Keep in mind…” style=”default”] Copay is a policyholder payment Copays can apply both before and after passing the deductible threshold copays are usually small payments that reflect only a part of the costs Copays for network services count towards the policy limits Copays may prevent overuse of popular services Read more…
[su_box title=”Keep in mind…” style=”default”] A deductible is a cost or charge that a consumer must pay Deductible is one of the costs of insurance Consumer must pay deductible before insurance will pay benefits The Affordable Care Act put a limit on deductibles per year [/su_box] The costs of health Read more…
