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Key Concepts in Health Insurance:Premium: The amount you pay for your health insurance every month.Deductible: The amount you pay out-of-pocket before your insurance starts to cover the costs.Copayment (Copay): A fixed amount you pay for a covered healthcare service after you've paid your deductible.Coinsurance: Your share of the costs of a covered healthcare service, calculated as a percentage of the allowed amount for the service.Out-of-Pocket Maximum: The most you have to pay for covered services in a plan year. After you spend this amount on deductibles, and coinsurance, your insurance plan pays 100% of the costs of covered benefits.Network: A group of doctors, hospitals, and other healthcare providers that your insurance company has contracted with to provide healthcare services.Types of Health Insurance Plans:Health Maintenance Organization (HMO): Requires members to get healthcare services from an approved network of providers and usually requires a referral from a primary