The $30 you paid was applied toward your coinsurance. Now your coinsurance balance is $970. After you've met your deductible, your coinsurance kicks in. Your health plan also has $1,000 coinsurance. It's the second part you pay for your health care before insurance pays for all of your health care.Įxample: Your health plan has a $1,000 deductible. Coinsurance is a percentage of costs youll cover after your deductible is met and until your annual out-of-pocket maximum has been reached. Each time you pay for a service, you are paying down your deductible.Ĭoinsurance is your share of your health care costs after you’ve met your deductible. A deductible is the amount of money you need to pay for healthcare before your health insurance plan begins picking up a share of the bill. The $100 you paid was applied toward paying down your deductible. This is called cost sharing.Įxample: Your health plan has a $1,000 deductible. Insurance pays the remaining $80.Ī Deductible is the first part of what you pay for your health care before insurance starts to pay for some of your health care. These are all elements of Cost Sharing and the most important words you need to know to fully understand how your health insurance works.Īnd since they're really about money – your money – it's important that you feel comfortable around them.Ī Copay is the fixed amount you pay for your health services when you get them, like the fee you pay when you check out at your doctor’s office.Įxample: You have a copay. Your doctor's visit costs $100. You only pay $20 each visit. Non-Discrimination Policy and Accessibility ServicesĪbra esta infografía para ver "Cómo pagar su atención médica: 4 cosas que debe saber" Copayment. Deductible.Get a Quote for Individual and Family PlansĪncillary and Specialty Benefits for Employees.Health Plans for Individuals and Families.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |