New learning guide
Four words to start with
Premium
The payment for keeping your health coverage, usually paid monthly.
Deductible
The amount you pay for covered services before your plan begins paying for services subject to the deductible.
Copayment
A set dollar amount you pay for a covered service.
Coinsurance
Your percentage share of the cost of a covered service.
Use your plan documents for the definitions and rules that apply to your coverage.
Source: HealthCare.gov coverage glossary.