Health insurance is becoming more costly and more confusing. As an informed consumer, you should know the most common terms and definitions in your health plan. A premium is the payment you make to the insurance company to keep your health plan active. If your health insurance is through your employer, the premium is most likely deducted from your paycheck during the benefit year, i.e., a consecutive 12 months of insurance coverage. Your annual accruals of your deductible and out-of-pocket … [Read more...] about Simplifying Common Health Insurance Terms