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Dice Financial Services Group
1716 N. Sanborn Blvd, PO Box 790
Mitchell, SD 57301
Phone: 605-996-7171
Toll Free: 800-658-3603
Website: www.dicefinancial.com
September/October 2018
Health Insurance Terms to Know
When it comes to health insurance, the more you know, the better. Here are a few terms you may not fully understand.
Allowed Amount
The maximum amount on which payment is based for covered services. You may be charged the difference if a provider charges more than this amount.Deductible
The amount you have to pay for covered services before your plan begins to pay. Note that the deductible may not apply to all services.Coinsurance
Your share of the cost of a covered service once you’ve met your deductible. It is usually a percentage of the allowed amount.Copay/copayment
A fixed dollar amount you pay for a covered service, such as a doctor’s visit.Out-of-pocket Limit
The maximum amount you will pay in a policy period, not counting your premium or amounts you pay for services the plan doesn’t cover.CONTACT US
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Securities and investment advisory services offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. Insurance Services offered through Dice Financial Services Group.
Dice Financial Services Group and LTM Marketing Specialists LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Client Marketing, an unrelated third party. Articles are not written or produced by the named representative.
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