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| *Ostroff, Fair and Company>>>Insurance |
I recently bought Health insurance...$2000 deductable....I still don't....? |
understand how it works..................suppose I go to doctor, pay co-payment of $50 dollars...would the insurance company pay the rest for that visit...plz. tell me. YOU NEED TO CALL YOUR INSURANCE COMPANY., EACH COMPANY HANDLES THINGS DIFFERENTLY. DON'T GUESS YOU NEED TO KNOW BEFORE YOU USE IT. CALL THE CUSTOMER SERVICE NUMBER WHICH IS USUALLY ON YOUR INSURANCE CARD. I WOULD ALSO THINK ABOUT KEEP LOOKING FOR ANOTHER INSURANCE COMPANY THAT MIGHT BE BETTER. YOU MAY HAVE CALLED SEVERAL BUT I WOULD KEEP CALLING TILL YOU TALKED TO THEM ALL SO YOU CAN BE SURE YOU ARE GETTTING THE BEST FOR YOUR MONEY Source(s): HEALTH CARE WORKER You usually have co-pay to visit the doctor. After you reach yoru deductible ( which seems inordinately high) your company pays a higher percentage. For example: With my plan our copay is 30 dollars. My deductible is 700. After I reach the 700 dollars the insurance pays 80 percent and I pay 20 percent. My out of pocket max for the year is 2000 dollars. So no matter what I won't pay more than that. However the most the plan will cover is 100,000 dollars in a lifetime. I administer benefits to employees at my place of employement. You should contact the people who sold you the insurance. Everything else is just a guess. The insurance company won't pay any of your medical costs until the bills total more than the $2,000.00 for the year.The first $2,000.00 in expenses each year are your responsibility. The doctors office or hospital will bill the insurance and be instructed to bill you if the deductible hasn't been paid by you for the year. You will also recieve a notice from the insurance company that they haven't paid that bill because the deductible hasn't been paid for the year. Your co-pay does not count toward the deductible. Having a $2000 deductible means YOU (not the insurer) pays the first $2000 of that year's medical bills. The $50 co-pay only comes into play AFTER you've already paid the first $2000 of your yearly medical bills. After you've reached your deductible, THEN for subsequent visits, you will pay a $50 co-pay and the insurance will kick in for the rest. One possible exception....this is considered a high deductible plan and most will allow some routine visits and preventative care to be paid by the insurer without having to account for the deductible first. You should check your policy to see if it will pay for this first before satisfying your deductible. |
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