What is Copay?

Even if you have health insurance, this does not necessarily mean that you can see a doctor, laboratory or hospital or buy free prescription medicines. Instead, most insurance companies require the insured to pay part of his total account for the set amount. In other types of insurance, such as car insurance, you have what is called deductible, the amount specified by the insured person pays before the insurance company begins to pay the insured or other for damage to property or injury. Health insurance can employ either Copay or deductible or both. When you went to your doctor's office, you paid 20% of your account and you or the medical office charged the insurance company for the rest. This principle can still work with certain types of insurance. For example, people who have a power to choose a network doctor can pay 20%or other percent of the total number of a flat fee for visiting network doctors. The network physician is closed with an insuranceVaca company on the acceptance of a specified fee for services.

Since the age of 1970s. While some services can be offered without a kopay or copyment, others will mean that you will always have a Copay set. For example, you can pay $ 15-25 (USD) for a standard visit to the network or your prefered doctor.

statement that Copay needs to be further explored. Each service can have a different compaymament and some may not be covered at all. You may pay $ 100 for a visit to the emergency room, $ 25 for visiting a doctor and $ 15 for recipes.

You can pay a higher kicker in a pharmacy if you specifically choose a nominal medicine instead of general drugs. Prices may change every year, soE companies are negotiating with insurance companies. In the first years when Copay was first introduced, the amounts to visit a doctor usually among $ 5-15. They are usually higher, in the nature of $ 20-30 USD to visit a doctor. The trend in the insurance industry is to increase compayments without raising physicians; In other words, you pay more and the insurance company pays less for compensation of healthcare professionals.

Deductibles should also be understood as it may be necessary to meet your deductible amount before the service starts. For example, you can have a $ 500 deductible in your plan. If you have been hospitalized, maybe maters to pay this amount rather than simply your copyment. If you have further visits or hospitalization of your doctor as soon as you encounter deductible, you only pay the specified amount of Copay. Some services have been exempt from meeting with your deductible, such as visits well child and annual gynecological exams. Other insurance companies offerA low deductible value that easily encounters a few copys to the doctor.