Page 7 - Venafi - 2021 Benefit Guide - CA
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important medical insurance terms
What comes out What will I pay after I What will I pay when my
of my pay? meet my deductible? medical coverage starts?
Annual premium Coinsurance Annual deductible
The annual cost to purchase medical After you meet the annual deductible, You won’t pay for in-network preventive
coverage is spread across the year, so you generally, you’ll continue to pay the stated care defined by the U.S. Preventive
pay a portion of it in each pay period on a coinsurance percentage for in-network Services Task Force, such as your annual
pretax basis. Medical premiums are based covered medical services until you meet checkup. Generally, for all other covered
on the plan you choose and the number of the out-of-pocket maximum. The plan care, you’ll pay the amount of your annual
people you cover. pays the rest. deductible before the plan starts to pay.
How much will I pay out Will my doctor What is Venafi
of my own pocket? be in-network? contributing?
Out-of-pocket maximum Provider network Company contribution
This is the most you would pay for covered You can confirm whether your doctor is Venafi pays the full cost of your medical
medical services in a calendar year. Once in-network by going to the carrier website, premiums to limit your monthly cost and
you meet it, the plan pays the full cost of myuhc.com. You will then need to choose provide you with affordable coverage
additional covered care. the Options PPO network. options.
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