Health insurance shopping made easy!
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What is a Health Insurance Co
Pay?
A "co-pay" is
defined as: "An arrangement where the insured pays a specified amount
for various services and the health carrier pays the remaining
charges." Now, the health insurance carrier will not always pay 100%
after you have paid the co pay. You will have to refer to the specific
plan as to what is covered with the co pay. For example, you go to the
doctor and the office visit is $55 and you get $100 worth of blood
work done. Let's say you have a $25 co pay. With some plans you pay
the $25 and the health insurance company will pay the rest of your
bill including your blood work. Some health insurance companies will
also make you pay a separate co pay for the $100 in blood work you had
done so in all actuality you would have two co pays. It's all in the
policy language as to what your specific health insurance policy will
cover so be sure to check on that. Health
Insurance co pays also make up a lot of cost on a health insurance
program. If you cut the co pay out of your plan you may be surprised
to see what you can save just by not having it on the health insurance
plan. If your not one that cares for co pays you may want to check on
cutting it out to save on a monthly basis.
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