FAQs and dictionary
financial dictionary
When trying to plan for your health care costs or pay your bill you might hear these words and wonder what they mean. We’ve made it easy for you and provided some of the common definitions for you in one easy spot!
- Co-pay: the part or percentage of the bill you are responsible for
- Deductible: the amount you must pay before your insurance company will pay for services
- Precertification: you may have to let your insurance company know in advance about any medical tests or treatments the doctor has ordered. If you do not precertify before receiving treatment, the procedure may not be covered.
- Network provider: any doctor, hospital, or other provider of medical services who has agreed to participate in your insurance company's network and to offer their services at negotiated rates. Also called a participating provider.
- Pre-existing condition: an injury or illness that existed prior to the effective date of your current insurance policy
