My understanding of health insurance is extremely rudimentary but I’m trying to learn. I’m not sure if I’m getting conflicting info from different websites or if I’m just misunderstanding.
Let’s say I have a purely hypothetical plan. Deductible = $2000, coinsurance = 20%
I have already paid $900 of my deductible over various visits so far this year.
Now, my latest visit is $4000. So I pay:
First, the rest of my deductible = (tot deductible – deductible I’ve already paid ) = ($2000 – $900) = $1100
And now for the 20% coinsurance, I pay 20% of what’s left of the bill after that $1100.
So coinsurance = (20%) (tot bill – the chunk of deductible I still had to pay) = (20%) ($4000 – $1100) = (20%) ($2900) = $580
Is that right?
submitted by /u/et842rhhs
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My understanding of health insurance is extremely rudimentary but I’m trying to learn. I’m not sure if I’m getting conflicting info from different websites or if I’m just misunderstanding. Let’s say I have a purely hypothetical plan. Deductible = $2000, coinsurance = 20% I have already paid $900 of my deductible over various visits so far this year. Now, my latest visit is $4000. So I pay: First, the rest of my deductible = (tot deductible – deductible I’ve already paid ) = ($2000 – $900) = $1100 And now for the 20% coinsurance, I pay 20% of what’s left of the bill after that $1100. So coinsurance = (20%) (tot bill – the chunk of deductible I still had to pay) = (20%) ($4000 – $1100) = (20%) ($2900) = $580 Is that right?
submitted by /u/et842rhhs [link] [comments]Read Morer/HealthInsurance