Co-payments or Co-insurance

 Co-insurance or a co-pay is a percentage of each claim above the deductible paid by the insured. For a 20 percent health insurance co-insurance clause, for example, you would pay the deductible plus 20 percent of the covered losses. After the insurer pays 80 percent of the losses up to a specified ceiling, the insurer will start paying 100 percent of the losses.

If you are disabled or unable to work as a result of an accident or illness, disability income insurance, which complements health insurance, can replace lost income. There are basically three ways to replace income:
   1. Employer-paid disability insurance
   2. Social Security disability benefits
   3. Individual disability i/ncome insurance policies

Deductible 

 

A deductible is the amount of loss paid by you before the insurance kicks in. Either a specified dollar amount, a percentage of the claim amount, or a specific amount of time must elapse before benefits are paid. The bigger the deductible, the lower the premium charged for the same coverage.

 

Where can I go for more information?

 

 

 http://www.yelp.com/biz/ensurity-group-dallas-2

http://www.ensuritygroup.com/2013/10/health-insurance/ 

 

 

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