The maximum amount your health insurance will pay for the year. You’re required to pay all costs after you reach the annual limit.

A process that confirms your benefits and eligibility for your insurance coverage for a prescription or medical service.

The percentage of a prescription or a medical service that you pay after meeting your deductible.

A fixed amount you pay for a doctor's visit, prescription, or other medical service.

This card is used to lower your insurance co-pay, or out-of-pocket costs, for a prescription medication.

The amount you pay for health care services before your insurance starts paying.

A statement from your insurance administrator that details what charges are eligible for benefits under your plan.

The list of medicines that your health insurance plan will pay for or cover.

An account that allows you to set aside pre-tax dollars to pay for yearly health care expenses. To be eligible to open an HSA, you must have a high-deductible health insurance plan.

A plan that has a higher deductible than a traditional health insurance plan. This means you pay a greater amount each year before your medical expenses are covered. But typically, your yearly premium is lower.

A cap on the total benefits you may receive from your insurance plan in your lifetime.

An annual period during which people can enroll in a group-sponsored health insurance plan for the next year.

Your expenses for medical care that aren’t reimbursed by insurance.

The most you'll pay in medical expenses in a year before you're fully covered.

Covers prescription drugs that are usually self-administered, such as oral, injectable, or in other ways taken outside the physician's office.

The amount you pay for health insurance every month.

Your health care provider must provide additional information to your insurance company before they’ll cover a service or medication.

A pharmacy that distributes medications with special storage and handling requirements.