A fuller guide to this term is on the way. In the meantime, the related terms below explain the ideas around it.
Related MoneyPedia terms
- Open EnrollmentThe yearly window when you can sign up for or change your health insurance without needing a special reason.
- PremiumThe regular payment you make to keep an insurance policy active, usually billed monthly, quarterly, or yearly.
- Short-Term DisabilityInsurance that replaces a portion of your income for a few weeks or months while you recover from illness or injury.
- NetworkThe group of doctors, hospitals, and providers an insurer contracts with to offer care at negotiated rates.
- DeductibleThe amount you pay out of pocket for covered costs before your insurance starts chipping in.
- Emergency FundCash set aside for life's surprises, so a bad week doesn't turn into debt.
More in Insurance
Plain-English education — not personalized legal, tax, or investment advice.