Protect Yourself and Your Assets
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β’ Premium: The amount you pay (monthly/annually) to keep your insurance active.
β’ Deductible: What you pay out-of-pocket before insurance kicks in. Higher deductible = lower premium.
β’ Copay: A fixed amount you pay for a service (like $20 for a doctor visit).
β’ Out-of-Pocket Maximum: The most you'll pay in a year. After hitting this, insurance covers 100%.