Insurance deductible, coinsurance, and copay: know the differences

Many people are confused about the differences between an insurance deductible, co-pay and coinsurance. In short, all three represent the portion of the medical bill that you are responsible for in case you get sick or injured. Another term used is out-of-pocket expense. However, there are some very unique differences between each one. Deductible An insurance deductible is usually a … Read More

Employer health plan deductibles see big 5-year jump

DIS shares a USA Today news story from September on a report that indicates health insurance deductibles taking a huge jump as we head into 2015. Premiums for employer-paid insurance are up 3% this year, but deductibles are up nearly 50% since 2009, the report by the Kaiser Family Foundation shows. The average deductible this year is $1,217, up from … Read More

High health plan deductibles weigh down more employees

Diagnostic Imaging Services shares a news story about the continuing rise in popularity of high deductible health insurance plans. As quoted in the story, “You can’t sugarcoat this. This is a more challenging situation for consumers and it’s a reflection of how difficult it is to afford health care.” Next year, nearly a third of large employers will offer only high-deductible … Read More

Ways to cut your healthcare costs

Kiplinger shares ways that everyone can save on healthcare costs. No matter how you get your insurance — through your employer, from a state exchange, from an agent or directly from an insurance company — you’re paying a bigger share of your health-care costs than you used to. Higher premiums are only part of the picture. Deductibles are rising, provider … Read More

Your health insurance benefits: things you should know to save money

IF YOUR EXAM IS COVERED BY PRIVATE INSURANCE: To control costs, your insurer negotiates with imaging providers on your behalf for a “contracted rate.” The contracted rate is the maximum amount that an imaging provider can collect for a covered service, and is usually less than the standard charge. What is not widely known is that the contracted rate is … Read More

Sticker shock! Hospital versus independent facility…

Diagnostic Imaging Services shares a news report that aired on the ABC Evening News on Monday, December 2, 2013. This report investigates the reasons or rationale for the discrepancy in price between an independent facility and a hospital facility regarding blood tests. Unfortunately, the woman who had the tests received the “sticker shock” AFTER getting the bill. The hospital facility … Read More

Companies prepare to pass more health costs to workers

Companies are bracing for an influx of participants in their insurance plans due to the health-care overhaul, adding to pressure to shift more of the cost of coverage to employees. Many employers are betting that the Affordable Care Act’s requirement that all Americans have health insurance starting in 2014 will bring more people into their plans who have previously opted … Read More

When medical bills hurt your credit

You may not know about health care bills sent to collections, but they can really hit your credit scores. D.I.S. shares an article about advice on how to protect yourself and your credit. http://money.msn.com/credit-rating/when-medical-bills-hurt-your-credit?ocid=vt_twmsnmon At Diagnostic Imaging Services, we will do everything we can to work with you for any financial obligations you may incur for your imaging exam. We … Read More