A worker covered by a health care plan might have to pay the first $1000 of any health expenses during a year.This requirement is called the

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The requirement of paying the first $1000 of any health expenses during a year is called a deductible. Coinsurance refers to the percentage of costs that a worker covered by a health care plan must pay after their deductible has been met. The use-it-or-lose-it rule is a requirement for some types of flexible spending accounts where any unspent money at the end of the year is forfeited. Variance is a statistical term that measures the variability or spread of a data set.

A Worker Covered by a Health Care Plan Might Have