What is a Copayment?
A fixed amount (for example $20) you pay for a covered health care service after you've paid your deductible. Generally, it s a fixed dollar amount.
For example:
Let's say your health insurance plan's allowable cost for a doctor's office visit is $100. Your copayment for a doctor visit is $20.
If you've paid your deductible: You pay $20, usually at the time of the visit.
If you haven't met your deductible: You pay $100, the full allowable amount for the visit.
Let's say your health insurance plan's allowable cost for a doctor's office visit is $100. Your copayment for a doctor visit is $20.
If you've paid your deductible: You pay $20, usually at the time of the visit.
If you haven't met your deductible: You pay $100, the full allowable amount for the visit.
- Copayments (sometimes called "copays") can vary for different services within the same plan, like drugs, lab tests, and visits to specialists.
- Generally, plans with lower monthly premiums have higher copayments. Plans with higher monthly premiums usually have lower copayments.
http://www.SFCheapInsurance.com
Great shearing ,That is very interesting I love reading and I am always searching for informative information like this. thanks for shearing about this I thinks its very hopeful post and very important post for us.
ReplyDeleteMedical Billing