7 Health Care Terms Every Employer Should Know

7 HEALTH CARE TERMS EVERY EMPLOYER SHOULD KNOW Sometimes it feels like group health insurance benefits have their own language. If you've ever scratched your head at a benefit acronym, it's likely that your employees have too. Before you make that big investment in your employees, there are seven key terms every benefits decision-maker should know: 1. Premium. 2. Deductible. 3. Copayment. 4. Coinsurance. 5. Covered services. 6. In-network providers. 7. Out-of-pocket maximum/limit. Source-thinkhealth.priorityhealth.com