I am a 25 year old man who spent his 18-now in the military with tricare. I now have a job where I have to enroll in healthcare. What do I look for in a plan? What is a deductible? If I have a co-pay, do I still have to pay up to $8000 just to GET to my co-pay? Why did no one explain this to me?
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When it comes to health insurance, and what is covered, and what is not covered, and what you have to pay out of pocket, you should always, always always call the health insurance company / plan coordinator and ask them. There can be lots of fine print that can change things and you want to know exactly how you plan works, and they can tell you
In general:
Deductible: Amount you have to pay before benefits kick in
Co-pay: A percent of a bill that you pay, insurance covers the rest
Annual out of pocket max: The most you can pay per year, after this insurance covers 100%
Again, these are GENERAL descriptions, ALWAYS call your plan coordinator and ask them exactly how their plan works. The last thing you want is to end up with some huge amount of medical debt because you thought our benefits worked one way and they actually work another.
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