Health insurance is complicated.  The health insurance industry is always changing.  Most people find it hard to understand their own insurance plan.  Cosmo Insurance is here to help you with any questions you may have.  A survey was done in 2016 that identified four health insurance terms that were necessary to understand that basics of healthcare.  It found that only 4% of Americans were able to define all four terms correctly.  These four terms below will help make understand health insurance a lot easier:

Deductible: The amount you pay for covered health care services before your insurance plan starts to pay.

Co-payment (Co-pay): The fixed amount you pay for a covered service.

Coinsurance: The percentage of costs of a covered health care service you pay after you've met your deductible.

Out-of-pocket maximum: This is the most you have to pay for covered services in a plan year.

Cosmo Insurance Agency is here to guide you to understanding health insurance and to pick a plan that is right for your needs.  Call us today to receive a quote. 732-363-3888.



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