ipl-logo

Advantages Of Out Of Pocket Costs

205 Words1 Pages
Out of pocket cost is the medical bill or expenses that is never covered for in the health insurance by the health coverage provider, and the insured must pay it for himself or herself.
Out of pocket costs include;
Deductibles; this an annually charged amount to cater for your medical coverage, especially before your medical cover company starts paying.
Coinsurance; it is a sum of cost charged for the health services you have received. Usually billed after a given time, like monthly
Copayments; this a fixed amount charged as a fee for certain health services such as visits made in health care offices, or prescription, ambulance, emergency room services, speech therapy, occupational therapy among others
The amount you spend as an out of pocket

More about Advantages Of Out Of Pocket Costs

Open Document