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Only if the cost of the services is above the deductible. Let's say you have a $2500 deductible, and go in for a CAT scan that, coincidentally, works out to a
by douche 10y ago
Only if the cost of the services is above the deductible. Let's say you have a $2500 deductible, and go in for a CAT scan that, coincidentally, works out to a cost of $2450. That all comes out of your pocket, if you're doing this on Jan 1 and haven't used any of your deductible yet, with the insurance company paying nothing. If your pockets are empty, the hospital doesn't get paid without hounding you, working out a payment plan, or going to collections.
As a sidebar, it's awesome when you have a situation as described, and then never go to the doctor again for the rest of the year, and so get no cost reductions on anything, despite paying out-of-pocket for the services you did use, plus whatever your premiums are.
- rtpg 10y agoDeductibles instead of percentage of service are one of the sillier ways to implement insurance. I understand that this saves people who go way over, but if the deductible is $2500, what's to stop a $25000 operation from becoming a $35000 one? There's the hospital-insurance relation but given how flexible hospitals end up being on pricing it sure doesn't feel like enough
- nommm-nommm 10y agoMost insurance companies have deductibles AND a percentage of service over the deductible (coinsurance) AND a copay that you always pay and doesn't count towards your deductible.