What is co-insurance in my plan?
Co-insurance is the percentage of your medical bill that you are required to pay after you’ve met your deductible. For example, if your plan includes a 20% co-insurance, this means that after your deductible is met, you are responsible for paying 20% of the cost of covered services, while your insurer will pay the remaining 80%.
Co-insurance typically applies to services like hospital visits, doctor’s appointments, and prescriptions, and can vary depending on the type of service or care received. It's important to review your policy to understand how co-insurance works and how it may affect your out-of-pocket costs.
Related Articles
What is a Guarantee of Payment (GOP) and Why Is It Important?
A Guarantee of Payment (GOP) is a written confirmation from your insurer that they will cover the costs of medical treatment in a hospital or clinic. It ensures that your healthcare provider will receive payment directly from your insurer for the ...
How can I find the payment difference for Doctor Visits?
Log In to Your Heale.io Account Ensure you're logged in to your Heale.io account using your credentials. Access Your Policy Details Click on the Documents located on the left side of your screen and scroll down to Table of Benefits Review Your Policy ...
How to find the list of covered hospitals and clinics in my insurance policy?
Your Network list includes detailed information about the Hospitals and clinics available in your plan. To view your Network list and learn more about your coverage: Log in to your heale.io account. Navigate to the "Policy" section. Click on ...
How can I add my family to my insurance policy?
To add a dependent to your insurance policy, please contact your Human Resources (HR) department. They will provide you with the necessary steps and documentation to complete the process. If you have any questions or need further assistance, please ...
How to submit a health insurance claim through Heale?
Submitting a health insurance claim via Heale is simple and easy. Follow these steps to submit your claim: Steps to Submit a Claim: Log in to Your Heale Account Access your Heale account using your credentials. Navigate to the 'Claims' Section Go to ...