Understanding health care can be difficult when insurers and the medical industry use a lot of specialized language. These are a few of the most common terms you’ll encounter in health care and insurance:

Claim: a claim is an application for benefits from the insurance company, typically to pay for services of a health care professional

Co-Insurance: the amount that an individual is required to pay for health care services; for example, insurance may pay for 80% of a procedure, leaving the individual to pay for the …