Understanding the Basics of Health Insurance

Glossary of Health Insurance Terms

Total Price

Total Price: this is the full price of a healthcare service.  Depending on your personal insurance, you may or may not pay the total price. For example, if you have not yet met your deductible, you might be responsible for paying the total price.  If you have met your deductible, or the service is deductible exempt, you will pay only part of the total price.”