Decoding Your Health Care

By: Miranda Taylor

Health care coverage and benefits vary, are often a source of confusion, and can be quite a hassle.  Luckily, having a better understanding of commonly used terminology will not only reduce frustration but will also ensure you’re maximizing the experience of your care.

Terms you’re likely to hear are deductible, co-payment, co-insurance, and out-of-pocket.  But what does it all mean?

Deductible: A specified amount of money the insured must pay before an insurance

            company will pay any portion of the claim

    Co-payment: A fixed amount of money paid by the insured, at the time of service, in

            addition to the portion the insurance company is responsible for

    Co-insurance: Percentage of the treatment cost the insured is responsible for

    Out-Of-Pocket: The most you will have to pay for covered medical expenses in plan

            year.  Once met, the insurance company will pay 100% of the allowed

            amount

At Lilly Physical Therapy, we will verify your benefits and offer to call you to discuss them prior to your appointment so you will know exactly what to expect when you come in. After your Initial Evaluation, our Physical Therapist will determine how many sessions your condition requires and we’ll give you your Total Cost of Care so you will never end up with an unexpected bill.

High deductibles, financial hardship, and HMO’s we encounter every single day at Lilly Physical Therapy and we offer packages, payment plans, and other unique options to ensure your high-quality care is affordable.

By understanding your insurance benefits you can make more informed decisions regarding your health.

We’re here to help!

425.224.2476

 

Picture Bibliography:

Picture 1: http://familymedicineofpooler.com/images/health-insurance.jpg

Picture 2: http://www.enrollmentbenefitsblog.com/wp-content/uploads/2013/10/health-care-benefits.jpg

Picture 3: http://www.pardridge.com/wp-content/uploads/sites/707/2015/03/Health-Coverage.jpg