Word of the Day

• Copayment

  The amount you pay out of pocket for covered medical services and products, such as a doctor's visit, medical procedure, hospital stay, or prescription drugs.

• Coinsurance

  The percentage you pay for some covered services. If your coinsurance is 20 percent, your health insurance company will pay 80 percent of the cost of covered services, and you will pay the remaining 20 percent.