Health Insurance FAQs

• Q: What Is A Co-Insurance Or Co-Payment?
  A: This is your share of the bill that must be paid after you have met the deductible amount. This is usually 20% or 30% of the costs up to a specific … More
• Q: What Is Conversion?
  A: Some insurance companies offer their policyholders conversion privileges that allow you to convert group coverage to individual coverage without showing proof of … More
• Q: What Is Coordination Of Benefits?
  A: If both you and your spouse have health insurance, or if your dependent children are covered under other health insurance, your insurance company will probably … More
• Q: What Are Covered Expenses?
  A: Covered expenses are hospital, medical and other miscellaneous health care costs incurred by the insured that entitle him or her to payment of benefits under a health … More
• Q: What Is A Deductible?
  A: A deductible is the dollar amount you pay before the insurance company begins to make payments. If your policy covers you and other family members, check to see if the … More
• Q: What Is The Effective Date?
  A: An effective date is the date on which the health insurance coverage begins.
• Q: What Is Evidence Of Insurability?
  A: Evidence of insurability is any statement or proof of a person`s physical condition and/or other factual information affecting his or her acceptance for insurance.
• Q: What Are Exclusions And Limitations?
  A: Exclusions and limitations are medical services or benefits that will not be paid for or may be paid on a limited basis. Some examples are: experimental medical … More
• Q: What Is A Grace Period?
  A: A grace period is a specified period after which a premium payment is due, during which the policyholder may make the premium payment and the health insurance continues.
• Q: What Is A Health Maintenance Organization (Hmo)?
  A: An HMO is an organization system for health care that provides comprehensive services directly to enrolled members for a fixed, periodic fee.
• Q: What Is Hospice?
  A: Hospice is a health care facility that provides medical care and support services, such as counseling, to terminally ill people and their families.