Flexible Spending Account: An account set up through an employer to set aside pretax wages to pay for out-of-pocket medical expenses. Funds can be used to cover costs, such as co-pays and qualifying prescription drugs. Unlike a HSA, funds from an FSA do not roll over from year to year.

Health Reimbursement Account: Employer-funded group health plans that can be used to reimburse employees for certain medical expenses up to a certain amount each year. Unlike an HSA, reimbursement accounts do not use employee money to pay expenses.

Deductible: The amount an individual pays before a health insurance provider begins coverage.

Claim: A request for payment sent to an insurance provider from a patient or a health care provider.

Co-pay: A fixed amount an individual pays for a health

care service through insurance, such as a doctor’s appointment.

Out-of-pocket costs: Medical expenses that are not covered through insurance. This can include co-pays and deductibles.

Open enrollment coverage through the Health Insurance Marketplace began Nov. 1.

Source: www.healthcare.gov/Community Impact Newspaper