An introduction to common health coverage terms
Get PeopleKeep's Health Insurance Terms 101 guide
Open Enrollment can throw many unfamiliar words at you. Deductibles, coinsurance, EPO plans, and binder payments are just a few terms you may come across. This quick reference guide defines each one so you can compare plans without stopping to search every term.
Have a health reimbursement arrangement (HRA) from your employer? We'll cover relevant terms for your benefit as well.
Here's what you'll get:
- Explanations for costs you'll pay: Premiums, deductibles, copays, coinsurance, and more.
- Network and plan types, such as HMOs, PPOs, EPOs, and POS plans.
- Metal tier definitions.
- Shopping terms, like public exchanges, premium tax credits, and special enrollment periods.
Get the Guide
Who this guide is for
- Employees choosing an individual health plan during Open Enrollment.
- Employees with an HRA who want to understand how it works alongside their plan.
- HR teams that want a simple resource to share with staff.
