What Is Price Transparency? Price Transparency Have you ever felt like you were playing the shell game when paying for healthcare? Many of us feel that way. If healthcare providers acted like any responsible retailer, they would clearly posted...
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Co-Insurance is way to split payment for specific services between you and your insurer. Typically only certain high cost services will have a co-insurance payment, like hospitalization. With a co-insurance amount (usually a percentage of the allowable charge), you...
The Short Answer: It depends. You have to read your policy very closely.
A set amount you must pay out-of-pocket each time you use a particular service, such as a doctor visit. So if a doctor visit is $100, you might pay a $10 co-pay and your insurance would pay $90, once...
The Short Answer: Deductibles are a major part of any health plan. The deductible amount for your health plan is the amount of money you must pay for healthcare in one year before you insurance company pays (instead of...
An HSA is a tax free savings account that allows you to set aside pretax money to cover health care not covered by your insurance. To be eligible for an HSA in 2020, you must have a qualifying, high-deductible...
Don’t wait until you need healthcare. Once you have a problem, choices are limited. You have 4 basic options and uMedMarket helps with each.