Copay: An up-front amount you pay each time you see a healthcare provider. It counts toward the deductible.
Deductible: The amount you must pay in a year before the plan begins to pay.
Out-of-pocket costs: Expenses you pay yourself, such as deductibles, copays, and uncovered services.
Health Savings Account (HSA): An account funded by you and Ancestry that lets you use before-tax money to pay for eligible healthcare expenses and allows you to save for medical expenses in retirement.
Out-of-pocket maximum: The maximum amount you pay for covered services in a year.
Plan coinsurance: The amount or percentage your plan pays for services after you have met the deductible.
Generic: Medications that are similar to costlier alternatives but are not sold using a brand name.
Formulary: Medications that are available at a lower cost to you.
Non-formulary: Medications that may be purchased at a higher cost to you.
