Glossary
Plain-language definitions of insurance terms.
- Open Enrollment
- Open enrollment is the yearly period when you can sign up for health insurance or change plans. Outside it, you generally need a qualifying life event, such as...
- Ordinance or Law Coverage
- Coverage that helps pay the added cost of rebuilding to current building codes after a covered loss, which a standard policy may not fully cover.
- Out-of-Pocket Maximum
- The most you have to pay for covered services in a plan year. After you reach it, the plan pays 100% of covered in-network costs for the rest of the year.
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