{"id":150,"date":"2021-08-31T04:00:00","date_gmt":"2021-08-31T10:00:00","guid":{"rendered":"https:\/\/www.hbwins.com\/blog\/?p=150"},"modified":"2021-08-31T17:42:54","modified_gmt":"2021-08-31T23:42:54","slug":"health-insurance-terminology-back-to-basics","status":"publish","type":"post","link":"https:\/\/www.hbwins.com\/blog\/health-insurance-terminology-back-to-basics\/","title":{"rendered":"Health Insurance Terminology: Back to Basics"},"content":{"rendered":"<p style=\"text-align:justify\">Health insurance seems simple, it is insurance that pays for your health care in exchange for a premium. The reality is a little more complicated. It is important to have a firm grasp of basic health insurance terminology. HBW Insurance Group serving the Catonsville, MD area is here to assist you.<\/p>\n<h2 style=\"text-align:justify\">Terminology<\/h2>\n<ul>\n<li style=\"text-align:justify\">Provider &ndash; this is the provider of the health care service either a health care professional or facility. These may be either a preferred or non-preferred provider. A preferred provider has a contract with your health insurance.<\/li>\n<li style=\"text-align:justify\">Network &ndash; these are all the providers that are contracted to your health insurance to provide services.<\/li>\n<li style=\"text-align:justify\">Co-payment &ndash; a fixed fee that you pay when seeking health services from your provider. It may vary depending on the type of health care service you need.<\/li>\n<li style=\"text-align:justify\">Deductible &ndash; this is the amount that you as an individual have to pay for covered services before your health insurance plan begins to pay. Not all services have deductibles.<\/li>\n<li style=\"text-align:justify\">Co-insurance &ndash; your share of the costs for a health care service that is covered.<\/li>\n<li style=\"text-align:justify\">Allowed amount &ndash; this is the amount that your insurance will pay for the covered service. It may vary from provider to provider, with some charging the allowed amount, and others charging more.<\/li>\n<li style=\"text-align:justify\">Out of pocket limit &ndash; this is how much you have to pay yourself before the health insurance cover starts to cover the allowed amount in full. There are certain exclusions.<\/li>\n<\/ul>\n<p style=\"text-align:justify\">Health insurance is a wonderful plan to have. It is important to work closely with your health insurance provider to create a specially curated policy for you and your family. HBW Insurance Group serving the Catonsville, MD area is on hand to assist you today.&nbsp;Get in touch with us and secure your health!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Health insurance seems simple, it is insurance that pays for your health care in exchange for a premium. The reality is a little more complicated. It is important to have a firm grasp of basic health insurance terminology. HBW Insurance Group serving the Catonsville, MD area is here to assist you. Terminology Provider &ndash; this [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[8,5],"class_list":["post-150","post","type-post","status-publish","format-standard","hentry","category-insurance","tag-catonsville-md","tag-hbw-insurance-group"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.hbwins.com\/blog\/wp-json\/wp\/v2\/posts\/150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hbwins.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hbwins.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hbwins.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hbwins.com\/blog\/wp-json\/wp\/v2\/comments?post=150"}],"version-history":[{"count":1,"href":"https:\/\/www.hbwins.com\/blog\/wp-json\/wp\/v2\/posts\/150\/revisions"}],"predecessor-version":[{"id":151,"href":"https:\/\/www.hbwins.com\/blog\/wp-json\/wp\/v2\/posts\/150\/revisions\/151"}],"wp:attachment":[{"href":"https:\/\/www.hbwins.com\/blog\/wp-json\/wp\/v2\/media?parent=150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hbwins.com\/blog\/wp-json\/wp\/v2\/categories?post=150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hbwins.com\/blog\/wp-json\/wp\/v2\/tags?post=150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}