Deductible
The amount you pay out-of-pocket before your insurance starts covering costs. Understanding deductibles is key to choosing the right plan.
Read Definition →Insurance Defined
Plain-English explanations from licensed agents. Because understanding your coverage shouldn't require a law degree.
Insurance Basics
(4 definitions)Premium
Your monthly payment to keep your insurance active. Learn how premiums are calculated and how to find affordable coverage.
Read Definition →Copay vs. Coinsurance
Both are costs you pay when receiving care, but they work differently. Learn which impacts your wallet more.
Read Comparison →Out-of-Pocket Maximum
The most you'll pay in a year before insurance covers 100%. This is your true financial safety net.
Read Definition →Health Insurance
(4 definitions)HMO vs. PPO Plans
Two popular plan types with different tradeoffs. HMOs cost less but limit choices; PPOs offer flexibility at higher cost.
See Differences →Open Enrollment
The annual window when you can sign up for or change health insurance. Miss it and you may have to wait a year.
Read Definition →Health Savings Account (HSA)
A tax-advantaged account paired with high-deductible plans. Save money now, use it for medical expenses later.
Read Definition →ACA / Marketplace
The Affordable Care Act created the Health Insurance Marketplace. Learn about subsidies and how to qualify.
Read Guide →Medicare & Seniors
(4 definitions)Medicare vs. Medicaid
Both are government programs but serve different people. Medicare is age-based (65+), Medicaid is income-based.
Read Comparison →Medicare Parts A, B, C, D
Medicare has four parts covering different services (Hospital, Medical, Advantage, Drugs). Learn what you need.
Read Guide →Medicare Supplement
Also known as Medigap. Private insurance that fills the "gaps" in Original Medicare coverage.
Read Definition →Medicare Advantage
An alternative to Original Medicare offered by private insurers (Part C). Often includes extra benefits like dental.
Read Definition →
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(7 definitions)Term vs. Whole Life
Term covers you for a set period; whole life covers you forever and builds cash value. Which is right for you?
See Differences →Beneficiary
The person who receives your life insurance payout. Choosing the right beneficiary is crucial.
Read Definition →Final Expense
Affordable coverage designed specifically to pay for funeral costs and end-of-life expenses.
Read Definition →Cash Value
Permanent life policies build cash value over time. Learn how it works and when you can use it.
Read Definition →Whole Life Insurance
Lifelong coverage with guaranteed death benefit and cash value growth. A foundation for financial planning.
Read Guide →Indexed Universal Life
Life insurance with cash value tied to market index performance. Upside potential with downside protection.
Read Guide →Infinite Banking
Using whole life insurance as your own personal banking system. Borrow from yourself and build wealth.
Read Guide →Supplemental Coverage
(1 definition)Fixed Indemnity
Get paid a fixed cash amount for covered events regardless of actual costs. Stack with other coverage.
Read Definition →Understanding Costs
(4 definitions)Copay
A fixed amount you pay for a service (like $25 for a doctor visit). Copays are predictable costs.
Read Definition →Coinsurance
Your percentage share of costs after meeting your deductible (like 20%). Coinsurance varies by service.
Read Definition →In-Network
Using in-network providers saves money. Going out-of-network can cost significantly more.
Read Comparison →Subsidies
Government help to lower your monthly premium. Many people qualify but don't know it.
Read Guide →