Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Marguerita is a Certified Financial Planner (CFP), Chartered Retirement Planning Counselor ...

Coinsurance is the percentage of a medical bill that you’re responsible for after you’ve met your deductible. Think of it as an agreement with your insurance company to share costs: You each pay a ...

Whether your prescription medication costs count toward your deductible depends on your plan, but many plans do count these costs. These costs generally count toward your out-of-pocket maximum as well ...

Although Medicare helps cover the costs of most medical services, it’s essential that you still plan for out-of-pocket expenses and understand that it’s not truly “free” health care. In this article, ...