DEDUCTIBLE: A deductible is the amount you pay for health care services before your health insurance begins to pay providers.
COINSURANCE: Is your share of the costs of a health care service. It is usually figured as a percentage of the amount allowed by your insurance company for medical services rendered. You become responsible for coinsurance after you’ve paid your plan’s deductible.
COPAY: A copay is a fixed amount you pay for a health care service, at the time of your service. The amount can vary by the type of service you receive and your individual health plan.
At Carefree Physical Therapy we are always happy to help you understand your individual benefits after obtaining the information from your insurance company.