Author Topic: out of pocket  (Read 2643 times)

rdmoore2003

  • Hero Member
  • *****
  • Posts: 631
  • Live Life and Love God
out of pocket
« on: April 17, 2009, 04:14:11 PM »
what would be the best way to explain to someone about out of pocket?

Pay_My_Claims

  • Guest
Re: out of pocket
« Reply #1 on: April 17, 2009, 05:34:18 PM »
The maximum amount of money you have to pay during each benefit year.

Michele

  • Administrator
  • Hero Member
  • *****
  • Posts: 5927
    • Solutions Medical Billing
Re: out of pocket
« Reply #2 on: April 18, 2009, 12:11:05 AM »
Once the out of pocket is met, insurance carriers pay all covered expenses at 100% of the allowable amount.  So as Pay_My_Claims said, it's the maximum amount that a patient would be required to pay out of their pocket for medical expenses in a benefit year.

Michele
Sign Up for our FREE Medical Billing Newsletter
Get a 10% discount on Medical Billing Products by using Coupon Code: 10OFF
http://www.solutions-medical-billing.com

Medical Billing Forum

Re: out of pocket
« Reply #2 on: April 18, 2009, 12:11:05 AM »