![]() You may want to look into these specific types of supplemental health insurance: You can use it to pay for a variety of items related to your illness or injury, including lost wages, transportation, or medication. You may use it to pay out-of-pocket expenses that can occur through serious injuries or illnesses. You may want to get supplemental insurance, which covers costs above and beyond standard health insurance policies. What should you do if you can't afford your insurance payments? Share What if you can't pay your coinsurance? Health care plans with low monthly premiums usually carry higher coinsurance, and in general, plans with higher monthly premiums carry lower coinsurance. Your health insurance company can't require you to pay more than your yearly out-of-pocket maximum cost (which includes the deductible, copays, and coinsurance) each year. However, copays require you to pay a set dollar amount at the time of the health service, unlike coinsurance.Ĭoinsurance goes toward your annual out-of-pocket maximum. You might think of your coinsurance as similar to your copayment, or copay. ![]() ![]() (Your deductible refers to the amount you pay for covered health care services before your insurance plan kicks in and begins to pay.)Ĭoinsurance generally looks like a fixed percentage, or a percentage of the total cost of care, usually 20% or 30%. Coinsurance refers to the amount you must pay for covered health care after the deductible is satisfied. Coinsurance means you pay your share of the costs of a health care service. ![]()
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