Any program that helps you deal with your medical expenses is called a health insurance program. Healthcare system in the United States relies heavily on private health insurance. While choosing a health insurance program that works for you, you have to take into consideration things like deductibles, copays, coinsurance, maximums, etc.
The amount of money you have to pay before the insurance company pays is called a deductible. Depending on your program the limits of your deductible can vary. A copay is a fixed price you have to pay for covered services, it goes towards your deductibles, but if necessary, you will have to pay copays until you meet your maximum.
Coinsurance is how you cover your share of expenses after you’ve met your deductible. Every healthcare system has its fixed maximum, that is the most amount you can pay in a given year out of your pocket.
California is one of the few states that has an office devoted to helping citizens find the best health insurance policies for them. In 2007 87% of California’s population had some form of health insurance.