Buying — Health Insurance For Dummies

: The fixed amount you pay every month to keep your insurance active, even if you don't go to the doctor.

: The absolute most you will pay in a year. Once you hit this, the insurance company pays 100% of covered costs. 2. Choosing Your "Metal" Level buying health insurance for dummies

: Higher premiums, but lower costs when you get care. Best if you have ongoing medical needs. 3. Networks: HMO vs. PPO : The fixed amount you pay every month

Buying health insurance can feel like learning a second language. At its core, it is a contract where you pay a monthly fee (premium) so that an insurance company helps pay for your medical bills. 1. Key Terms to Know buying health insurance for dummies