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The Daily Capital
PERSONAL FINANCE · Lesson 78

Health insurance basics: premium, deductible, copay

Daily Desk · Editorial5 min read
Premium, deductible, copay, out-of-pocket max — four words decide what health insurance actually costs you. Most adults can't define them.

Health insurance is one of the most confusing — and expensive — things you'll deal with as an adult. The jargon is the worst part. Learn four terms and you'll understand it better than most people.

— Educational, not financial advice.