Several factors have changed the face of medical insurance, how patients pay for care, and how insurance companies structure their health plans. These factors include but are not limited to advancing medical technologies, complex and myriad federal and state regulations, and rising costs. Unfortunately, many of the key terms can confuse rather than provide clarity. Coinsurance, copay, and deductible are top culprits. While each one affects the total cost paid for health care, they are not interchangeable. Knowing which is which should help provide a more general understanding of the billing aspects of medical care. Here is a brief explanation to help keep them straight.
- Provider:Postgraduate Institute for Medicine
- Activity Link: https://www.obgproject.com/2023/01/09/medical-insurance-deductibles-coinsurance-copays-work/
- Start Date: 2024-05-28 05:00:00
- End Date: 2024-05-28 05:00:00
- Credit Details: AMA PRA Category 1 Credit™️: 0.25 hours
Nursing: 0.2 hours - Commercial Support: No
- Activity Type: Enduring Material
- CME Finder Type: Online Learning
- Fee to Participate: No, it's free
- Measured Outcome: Learner Knowledge, Learner/Team Competence
- Provider Ship: Jointly Provided
- Registration: Open to all
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