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Glossary
Plain-language definitions of insurance terms.
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COBRA
A federal law that lets many employees keep their employer health coverage for a limited time after leaving a job, usually by paying the full premium themselves...
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Coinsurance
The percentage of a covered cost you pay after meeting your deductible — common in health policies (e.g., "insurer pays 80%, you pay 20%").
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Copay
A fixed dollar amount you pay for a covered service — common in health insurance ("$30 office visit").
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