20 health insurance terms you should know

POSTED: 11:05 AM Oct 01 2013   UPDATED: 6:57 AM Dec 24 2013

With the Affordable Care Act health care exchanges open for enrollment, here are some terms you may want to learn before you dive into a decision about your health insurance for next year.

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Allowed amount

This may also be called an "eligible expense" or "negotiated rate" or "payment allowance." It is the maximum amount on which payment is based for health care services that are covered by your insurance.

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