PH1

Novo Nordisk® logo

PH1

Exploring health insurance:

Get to know the terms

Gabby

Don’t let terms like “deductible” scare you

Keep these definitions handy as you figure out which health insurance plan is right for you.

Handshake icon

Coinsurance

Hand money icon

Copay (copayment)

Blue calculator icon

Deductible

Two people icons with arrows between them that are pointing to one another

Flexible Spending Account (FSA)

Insurance document and dollar bill icon

Formulary coverage

Dollar bill icon

Health Savings Account (HSA)

Stethoscope icon

High Deductible Health Plan (HDHP)

Envelope icon

Mail-order pharmacy

List icon

Out-of-pocket maximum

Support icon

Pharmacy Benefit Manager (PBM)

Insurance premium icon

Premium

Clipboard icon

Prior authorization

Prescription bag with heart icon

Specialty pharmacy

Step therapy icon

Step therapy (Step edits)

Magnifying glass over a list icon

Summary of Benefits and Coverage (SBC)