Glossary

Coinsurance
As an insured person, you pay a percentage of the cost of medical expenses when you receive care that is covered by your insurance plan.
 
Co-Payment (Co-pay)
The dollar amount that is paid by the insured perons, you, at the time services are provided by a preferred provider (i.e., doctors, specialists and medical facilities). Co-pay amounts are the responsibility of the insured person. 
 
Deductible
A specific dollar amount that is paid by the insured person, you, after receiving medical care covered by your insurance plan. 
 
Preferred Provider Network 
A preferred provider network includes networks of doctors, hospitals and specialists. The insured person, you, pays less when receiving care from a doctor or facility within the network. 
 
Health Insurance Definitions courtesy of Aetna Health Insurance (formerly The Chickering Group)
For more health insurance definitions, visit Aetna Student Health Insurance 101http://www.aetnastudenthealth.com/stu_conn/stuconn.aspx and view the Glossary.