“If you’ve already met your deductible for 2016, medical care delivered before the end of the year may be covered at a lower out-of-pocket cost.”
It is hard to believe that we are quickly approaching the end of 2016. With only a few months left in the year, this means there are less than 90 days until your insurance deductible will reset. If you or a family member require any surgery or medical treatments, it would be to your advantage to have your procedure scheduled and completed before the end of the year so your insurance benefits can be maximized.
If you’ve already met your deductible for 2016, medical care delivered before the end of the year may be covered at a lower out-of-pocket cost.
A deductible is the amount you owe for covered healthcare services before your health insurance plan begins to pay. For example, if your deductible is $1,000, your plan won’t pay anything until you’ve met your $1,000 deductible for covered healthcare services subject to the deductible.
An out-of-pocket maximum is the most you’ll have to pay during a policy period (usually a year) for healthcare services. Once you’ve reached your out-of-pocket maximum, your plan begins to pay 100 percent of the allowed amount for covered services.
Another way to maximize your insurance benefits is if you know you’re going to have a lot of healthcare expenses in 2017, you may want to schedule non-emergency medical care early in the year so you can meet your deductible as soon as possible.
Even if you haven’t met your annual deductible, Bingham Memorial Hospital offers special financing options to help take the pain out your pocketbook. With no interest-monthly payments, now is still a great time to schedule your surgery or procedure.
We hope your health is well, though, and you and your loved ones do not have any medical needs at this time. But, if that’s not the case, your total healthcare is important to us and we want to help make your insurance count. We have the finest physicians and nurses and the latest technology to help improve the quality of your life.
If you have questions about how insurance deductibles work, please call a Bingham Memorial Financial Advocate at (208) 785-3817. They will be able to help you determine your remaining deductibles and how to get the most from your benefits.
Again, thank you for choosing Bingham Memorial Hospital for all of your medical needs. When it comes to your medical care, you and your family deserve the very best. It is our privilege to be your healthcare provider, and we are grateful for your loyalty.