It means that after you’ve paid out your full deductible amount for the year, you’ll still have to pay 50% of the bills for the covered medical services in question. Kinda scary. But here are a couple things to keep in mind: First, not all medical services always apply towards the deductible. The insurance company may cover preventive screenings and tests without you having to pay anything towards the deductible (and without having to pay coinsurance) for those services. Second, it may be that not all medical services fall under that coinsurance rule. Without more information from you, it’s hard to tell. Some health insurance plans only apply coinsurance to specific types of medical care. So, if you’re considering this health insurance plan, take a look at those two things. Still, it may not be the best plan for you. If you haven’t already done so, I’d recommend that you work with a licensed agent (online or in your area) – preferably one that represents multiple insurers. It doesn’t cost anything extra to work with an agent and it can go a long way towards helping you find the best match for your personal needs and budget. Best of luck.
by ehealthInsurance - 5 hours ago
A) That means that you pay half the bills after you've paid the first $3500 of your bills. B) You're obviously not using an insurance broker. Fix that problem first. You shouldn't be "trying" to apply for insurance. You should be consulting with an insurance broker to help you find the right plan. Trying to do it on your own is something fools do. It costs nothing to use a broker and they know about all of the plans you can buy (at least good ones do). If you call Blue Cross, for example, directly -- they will know absolutely nothing about what Kaiser offers. The broker will know what both offers, they've probably been selling insurance longer than the customer service rep at either company, the probably know more about how the policies actually work, AND the price through the broker is EXACTLY the same as buying direct. And, later on, if you end up not liking the broker you can still call the company directly for service.
by Insurance Pickle.com - 5 hours ago
You pay the first $3500 of medical bills and half of the rest. For example, if there are $10,000 of medical bills, then you pay $3500 plus 1/2 of the other $6500 for a total of $8250, and the insurance company also pays 1/2 of $6500, which is $3250.
by StephenWeinstein - 5 hours ago
Wow..I bet that policy is inexpensive. It means that the first $3,500 of medical expenses each year come out of your pocket. After that, the insurance company will pay 50% of your medical bills - if you have a $100 office visit, they pay $50. You also might want to check if they pay 50% of the full amount or if they use a usual and customary schedule meaning that if the UAC for an office visit is $70 and the doctor charges $100, they pay $35 (50% of the UAC of $70) and you would pay $65 ($100 for the office visit minus the $35 the insurance pays).
by Steve D - 5 hours ago
Setting up Your Company to Obtain a Small Business Loan
If you’re looking to expand your business, you may be considering getting a loan. In order to achieve that goal, you’ll need...
From hobby to wine in the sky: Whitewater Vineyards
Gout de terroir. Wine aficionados are familiar with this phrase, which refers to the “taste of the soil” that...
Less Stress Spells More Tech Spending for Small Business Owners
More than half of small business owners would now rather invest in their businesses than stockpile cash, according to new...
Volume of Loans to Small Business Increases First Time Since 2010
Healthy sales and strong profits are making private U.S. companies increasingly attractive prospects to bank lending...
Starting out: It’s Time to Get Organized
You are the creative mind behind your business. The entrepreneur. The genius. Certainly, you shouldn’t have to spend a lot...
The lien on your business you never knew you had
If you have ever applied for any type of business loan, you may be shocked to learn that there could be a lien filed against...