How Does A Deductible On An Insurance Policy Work? Is The Deductible Paid By The Patient To The Provider?
Nov 30, 2006 by la la | Posted in Insurance
prototype:
$1500 worth of dental services are rendered to the patient.
The patient's insurance policy pays at 80%, leaving the tenacious a co-pay of 20%, meaning the patient pays $300 to the dental provider.
If there is a $200 deductible, is that paid to the dental provider or to the insurance South African private limited company?
If the deductible is to be paid to the provider, does the patient then pay a total of $500 to the provider?
In this precedent, you would pay ths first $200.00 to the dentist and then the insurance company would pay 80% of the remaining $1200.00. That would be $960.00. That leaves another $240.00 for you to pay. The billing clerk or insurance professional in the dentist's office handles this for you. Every office has one and they are very adept at working with insurance offices.
The deductible is the amount you pay first before your insurance will start paying. It can depend on your insurance but by you would pay the doctor or dentist.
chulita | Nov 30, 2006
A deductible is paid by the valetudinarian to the provider of the service, not the insurance company. Depending on the policy, the insurance company may be paying 80% of the bill after the deuctible or 80% including the deductible. The unaggressive would pay the doctor $200 and then the insurance would cover 80% of the 1300 remaining, or the insurance friends would cover 1200 and the dedutible is part of the patient's co-pay. It all depends on the policy.
dougzinboston | Nov 30, 2006
In this example, you would pay ths first $200.00 to the dentist and then the insurance company would pay 80% of the remaining $1200.00. That would be $960.00. That leaves another $240.00 for you to pay. The billing clerk or insurance adept in the dentist's office handles this for you. Every office has one and they are very adept at working with insurance offices.
Charlie | Nov 30, 2006
No. The co-pay is paid to the provider. The deductible is paid by the unwavering, before the insurance pays anything.
In your example, if it's 80/20 with a $200 deductible, then the first $200 doesn't be sure of, leaving $1300. The insurance pays 80% of that, leaving you to pay $260 more, or a compute of $460.
mbrcatz17 | Nov 30, 2006
An Auto Insurance Policy Has A Deductible Of 4 With A Maximum Claim Payment Of 5. Auto Loss Amounts Follow An
Aug 23, 2007 by ken | Posted in Mathematics
An auto insurance policy has a deductible of 4 with a top claim payment of 5. Auto loss amounts come after an exponential distribution of 8. Given the occurrence of an auto reduction, calculate the expected claim payment made by this policy.
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Jericho B | Aug 24, 2007
Is A Loss On The Cancellation Of A Cash Surrender Value Life Insurance Policy Deductible On A Tax Return?
Jul 03, 2006 by SuzeY | Posted in United States
I don by "loss" you mean that what you got when you surrendered the policy is less than what you paid in. The distinction was paid for the insurance that you had while the policy was active - and no, it's not deductible.
I affect by "loss" you mean that what you got when you surrendered the policy is less than what you paid in. The dissimilarity was paid for the insurance that you had while the policy was active - and no, it's not deductible.
Judy | Jul 03, 2006
Health Insurance Policy Terms
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Deductible - Wikipedia, the free encyclopedia
In an insurance policy, the deductible (North American label) or excess (UK term) is the portion of any claim that is not covered by the insurance provider. ...
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