Benefits Corner: When it comes to medical insurance lingo, do you know the difference between a deductible, co-payment and co-insurance?

Deductible– The amount you owe for services before your insurance plan begins to pay.

Co-payment– A fixed dollar amount (for example $20 per office visit) you pay for a covered health care service, usually paid when service is rendered.

Co-insurance– Your share of the costs of a covered health care service calculated as a percent (for example 20%).