WE CAN HELP YOU UNDERSTAND EXACTLY HOW MUCH YOU WILL HAVE TO PAY!
Insurance terminology can be confusing. There have been several instances where our patients don’t understand their benefits because they simply don’t know what to ask their insurance providers. Below we’ve provided some definitions for some common terms that you can discuss with your insurance provider prior to scheduling an appointment: 1. WHAT IS A COPAY? A copayment, also referred to as a copay, is a fixed amount of money that a patient may have to pay prior to receiving a medical service. The amount of each patient’s copay is defined by their insurance company, and may vary depending on what plan you have. In some cases, copays may even be waived altogether by your insurance provider. To find out what your copay may be for physical therapy services, contact your insurance provider. We will also discuss copays with you before your first appointment. 2. WHAT IS A DEDUCTIBLE? A deductible is a fixed amount of money that an insured patient must pay out of pocket, before the insurance company will pay any medical expenses. Much like a copay, your deductible amount will be dependent upon your insurance company, as not all insurance providers follow the same guidelines. Your insurance company will be able to tell you exactly how much your deductible is. We will also discuss deductibles with you at your first appointment, to outline how much you may have to pay before your insurance provider picks up the cost. 3. WHAT IS COINSURANCE? Coinsurance refers to the amount of cost that you split between your insurance provider. For example, 80/20 is a common coinsurance, in which the insurance company will pay 80% of a medical cost and the patient will pay the remaining 20%. Again, each insurance company will have a different coinsurance policy, so it is important to discuss this with them beforehand to figure out what percentage of costs you will have to pay. We will also
discuss this with you at your first appointment to figure out how your percentage will play into the costs of our services. SAVE MONEY AND FIND RELIEF TODAY! At Regional Physical Therapy, we are more than happy to discuss any further monetary or insurance questions that you may have. Contact us today to schedule an appointment and discuss how we can help you save money on your treatments! Don’t hesitate on treatments simply because of money uncertainty – we are here to help you every step along the way.
If you would like to find relief, call us today! www.regionalpt.com
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