Health Insurance Glossary

Copay: a fixed amount paid for certain in-network medical services and prescriptions.

Coinsurance: percentage shared cost of covered services.

Deductible: the amount paid out of pocket each year before the health plan makes payments for certain services.

Expense Ratio of Mutual Funds

Cited from Expense Ratio

An expense ratio is determined through an annual calculation, where a fund's operating expenses are divided by the average dollar value of its assets under management (AUM).