Benefits 101: Premiums, Deductibles, Copays, and Out-of-Pocket Maximums by Innovative Insurance

When shopping for health insurance, most people have questions, such as whether copayments count toward the deductible.

If you are feeling a bit confused, you aren’t alone.  A recent study by UnitedHealth found that only 9% of Americans understand the most basic health insurance terms: premium, deductible, copay and out-of-pocket maximum.  For the other 91% of you, we’re here to help.  Watch this video to learn what these terms mean and how they affect what you pay for healthcare.