Insurance Terminology In Plain English

Insurance Terminology In Plain English by Mark Squires Policy Year: An individual health insurance policy will run for 12 months from the effective date of the policy. For instance if the effective date of the policy is March 1, 2010 the policy will be in effect, (as long as premiums are paid) until February 28, 2011. All Deductible and OOP Maximum figures are based on the Policy Year, not the calendar...