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A lot of insurance companies will have a 10-20% coinsurance for hospital visits, not a traditional co-pay like you went to a specialist. That 10-20% goes agains
by 100011_100001 5y ago
A lot of insurance companies will have a 10-20% coinsurance for hospital visits, not a traditional co-pay like you went to a specialist. That 10-20% goes against the deductible, so depending on the bill you might not even pay the full 10% because it hits your deductible max.
Edit: I was informed that it's not 10% co-pay but coinsurance. So I updated my post to reflect that.
- astura 5y agoThat kind of cost sharing is called coinsurance, not copay. Most policies have deductibles, coinsurance, and copays as types of cost sharing. Coinsurance you pay is also against the amount that insurance pays (negotiated rate)
- 100011_100001 5y agoThanks for the clarification on coinsurance.
- sumtechguy 5y agoThat is highly dependent on what your plan is. Some plans are flat co pay. Some are percentage. Some are mixed. Some max out at particular amounts, some dont depending on the care you are doing.