UNDERSTAND HOW MUCH YOU WILL HAVE TO PAY!
Insurance terminology can be confusing. There have been several instanceswhereour patients don’t understand their benefits because they simply don’t knowwhat 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 insuranceprovider. 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 howmuch 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 FYZICAL, we aremore than happy to discuss any further monetary or insurance questions that you may have. Contact us today to schedule an appointment and discuss howwe can help you savemoney on your treatments! Don’t hesitate on treatments simply because of money uncertainty – we are here to help you every step along the way.
Call today to schedule an appointment!
NEW YEAR, NEW YOU Happy New Year from your FYZICAL New Orleans & St. Bernard family! With a new year comes a fresh start to an all new you! Starting at the beginning of 2021, your insurance benefits have renewed. This means a whole new year to make the most of your benefits. The earlier you start your physical therapy and plan to meet your insurance deductible for the year, or end up with unused money in your HSA account, your insurance plan may cover the cost completely. Our highly experienced team of physical therapists offer specialized treatment services for any pain, injury, or discomfort you may be feeling. Let FYZICAL help you on your journey to becoming strong, healthy, and active in 2021.
IF YOU’RE INTERESTED IN THERAPY OR FITNESS, VISIT WWW.FYZICAL .COM/NEW-ORLEANS OR CAL L U S TO SCHEDU L E YOUR AP PO I N TMEN T W I T H F Y Z I CAL TODAY !
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