In health insurance, after a certain amount is met, the health plan typically starts covering a significant portion of the medical costs. This predetermined amount is known as the deductible. The deductible is the out-of-pocket expense that the insured individual must pay before the insurance company begins to contribute to covered medical expenses.

Once the deductible is satisfied, the insurance plan typically transitions to a cost-sharing arrangement, where the insurer and the policyholder share the costs through copayments, coinsurance, or both. Copayments involve fixed amounts paid for specific services, while coinsurance is a percentage of the total cost that the insured individual is responsible for. The specific details of how the insurance plan covers medical costs after the deductible is met can vary, so it's crucial for policyholders to review their plan documents to understand the terms and conditions of their coverage.

The duration of health insurance coverage after termination depends on various factors, including the terms of the employer-sponsored plan or the individual health insurance policy. In the case of employer-sponsored health insurance, coverage typically continues for a specified period after termination through a provision called COBRA (Consolidated Omnibus Budget Reconciliation Act). COBRA allows eligible individuals to extend their health insurance coverage for up to 18 months (or longer in certain circumstances) by paying the full premium, including the portion that the employer previously covered.

For those with individual health insurance policies, the duration of coverage after termination may vary. Some policies may continue until the end of the paid-up period, while others may terminate immediately upon the termination of employment or non-payment of premiums.

It's crucial for individuals who are facing termination of health insurance coverage to review their specific policy details, understand the terms of continuation options like COBRA, and explore alternative coverage options, such as enrolling in a new employer-sponsored plan, purchasing an individual policy, or qualifying for a government-sponsored program like Medicaid. It's advisable to act promptly and make informed decisions to ensure uninterrupted access to healthcare coverage.