Health Insurance Premium Explained - Should I choose a plan with high or low premiums?

What’s a health insurance premium? Understanding health insurance is tricky until you learn the lingo. Watch this video to learn about premiums, deductibles, copays, coinsurance, and out-of-pocket maximums.

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Time codes:
0:00 Premiums
0:38 Total cost of healthcare
0:56 Deductible
1:24 Copay
1:32 Coinsurance
1:49 Out-of-Pocket Maximum

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About: Justworks makes it easy for employees to get paid and access great benefits. We handle the nitty-gritty of payroll, benefits, compliance, and global HR, so businesses and teams can focus on growth.

This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, legal or tax advice. If you have any legal or tax questions regarding this content or related issues, then you should consult with your professional legal or tax advisor.