Everyone knows that health insurance costs are continually rising, but how do these spiraling costs affect your health insurance coverage? You know how much you pay every month for your health insurance premium, so its user friendly to know when this cost goes up. But what about all the other costs involved with health insurance?

Before youre hit with an unexpectedly large medical bill, find out about the hidden costs of your health insurance.

The Premium

The premium is the amount you will pay for the benefits covered under your health insurance plan. The premium is typically broken down into equal monthly payments. If youve got group insurance, your employer or union is most likely sharing some percentage of this cost.

The Deductible

If your health insurance policy includes an annual deductible, you need to understand the details. A deductible is an amount you are responsible for paying before the insurance company begins paying out claims. As with car insurance, the higher your deductible, the lower your monthly premium and vice versa. A family health insurance plan typically includes multiple deductibles, one for each family member.

The Co-Payment

A co-payment is a fixed amount you have to pay each instant you visit the doctor. The co-payment amount will depend on the type of health plan you have. Typically, an HMO will have the lowest co-payment. The co-payment may increase, however, for different types of medical service or if you visit a doctor or hospital outside the network.

Co-Insurance

Co-Insurance is the amount of a claim that the insured is responsible for paying, once the deductible has been met. A typical ratio is 80/20, where the insurance business pays 80% of a claim and the insured pays 20%. An insureds percentage will usually increase when he or she goes outside the network. Also when the claim exceeds what the insurance business deems "reasonable and customary," the difference is another form of co-insurance that you must pay.

Comparing Quotes

Make sure you fully understand these health insurance costs. Ask about them when requesting quotes, especially online health insurance quotes. When comparing quotes from different insurance businesses , its essential to understand all your costs, not just the premium. Make sure the person preparing your saying clearly defines the deductible amount and whether there are separate deductibles for different types of services, the co-payment amount and the co-insurance amounts. Also, inquire of the rep to describe any other costs that can not be readily apparent.

Holding Down Your Costs

There are a number of ways you can help control costs once you have selected a health insurance plan. If yours is a "managed care plan," be sure to stay within your network. If you might choose any medical care professional, be sure that the providers fees for the services youll absolutely need fall within your insurance companys "reasonable and customary" guidelines. If not, shop around for a less expensive provider.

Other tips for keeping health insurance costs at a minimum include choosing a healthier lifestyle and seeking medical care only when absolutely necessary. After that health care costs are largely beyond the individuals control. The best medical advice would be, dont get an ulcer worrying about them.