US Health Insurance | PPO, HMO, and HDHP Explained

The US healthcare system is notoriously complex. Here's a quick primer on the terms you'll see during your company's "Open Enrollment." Key Terms Premium: What you pay every month (usually deducted from your paycheck). Deductible: What you pay out-of-pocket before insurance kicks in. Copay: A flat fee you pay for a doctor's visit (e.g., $20). Out-of-Pocket Max: The most you'll ever have to pay in…