Health Matters is a weekly radio show sponsored by the Medicine Center Pharmacy on WHBC 1480 AM in Canton, Ohio. This episode pharmacists Brad White and Paul White discuss Health Insurance mysteries and how to save money on healthcare expenses with Rick Pipes of Pipes Insurance in New Philadelphia, Ohio.
A recent study showed that only 4% of Americans understand the key terms that are necessary to understand their health insurance. The four key terms identified to understand your health insurance policy are: Deductible, co-payment, co-insurance and Maximum out of Pocket. Understanding these terms unlocks the mysteries of your health insurance and they are the key to reducing out of pocket expenses and saving money.