What are Co-Pays?

by Doug Benson June 10, 2011

Co-pays or Co-payments are the portion of the co-insurance that you pay. Most Medicare Advantage plans and some Medicare Supplements have co-pays associated with every medical service. For example a visit to a primary physician might have a $20 co-pay. The co-pay for an outpatient procedure might be $100 or 20% of the cost of […]

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What is Co-Insurance?

by Doug Benson April 10, 2011

Co-Insurance is the “splitting up” of the cost of Medical Coverage. The insurance company (or plan) pays some of the cost,  the insured (you) pay some and sometimes a third party will pay as well. The part that you pay can be via a deductible and/or co-pays. Medicare is a Co-insurance plan. For example, if […]

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