Walsh Financial Solutions logo

5610 Ward Road, Suite 300 Arvada, CO 80002

9200 E. Mineral Avenue Centennial, CO 80112

 

Phone:  303-252-0852

 

Website: www.walshfinancialsolutions.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.


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Advisory Services offered through Walsh Financial Solutions or Vanderbilt Advisory Services. Securities offered through Vanderbilt Securities, LLC. Member FINRA, SIPC. Registered with MSRB. Walsh Financial Solutions and Vanderbilt Securities, LLC are separate and unaffiliated entities. Clearing agent: Fidelity Clearing & Custody Solutions. Insurance Services offered through Vanderbilt Insurance and other agencies. Supervising Office: 125 Froehlich Farm Blvd, Woodbury, NY 11797 631-845-5100
For additional information on services, disclosures, fees, and conflicts of interest, please visit www.vanderbiltfg.com/disclosures
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