Open Enrollment

Usually scheduled during the three months before the effective date of a benefit plan. This time is a window of opportunity during which you can make changes to your benefits package without having to prove creditable coverage or a qualifying event.

Out-of-Network

Describes a provider or health care facility which is not part of a health plan's network. Insured individuals usually pay more when using an out-of-network provider, if the plan uses a network.

Out-of-Pocket

Money you pay toward the cost of healthcare services. It’s essentially money you have to dig out of your own pocket, so it's aptly named. Out-of-pocket expenses include deductibles and co-payments. Sometimes, what you pay for services not covered by your plan is considered out-of-pocket as well. Plans vary widely in the amount of out-of-pocket costs you pay. Some plans put a cap on your out-of-pocket expenses. After you reach the out-of-pocket limit, the health plan pays all you are covered.

Out of Pocket Maximum

Maximum amount of money that the insured must pay on his own before the insurance company will pay 100% for insured's healthcare expenses.

Over 65 Travel Insurance

Persons over the age of 65 must be aware that once you leave your home country, you more often than not do not have health insurance. International Travel Health Insurance is a must for those who are concerned about not having any medical coverage while traveling.