What is a copayment or coinsurance?
A specific dollar or percentage of covered charges indicated in the Schedule of Benefits for which a covered person is responsible. How does my out-of-pocket maximum work? The out-of-pocket maximum is the dollar amount of a deductible and/or coinsurance expense paid by a covered person and/or family for covered services in a benefit period. After you reach your out-of-pocket limit, your plan covers 100 percent of the eligible charges for the remainder of the benefit period unless specified by your Health Plan. Check your Summary Plan Document for details. What is Coordination of Benefits? Your Summary Plan Document lists the definition in detail. Coordination of Benefits, or COB, applies when you are covered by multiple health benefit plans at the same time. Under one plan you will be designated as a primary member and benefits will be applied first. The second plan will coordinate with the first for any other possible payment. Do I need to complete and return a Coordination of Benefit
A specific dollar or percentage of covered charges indicated in the Schedule of Benefits for which a covered person is responsible. How does my out-of-pocket maximum work? The out-of-pocket maximum is the dollar amount of a deductible and/or coinsurance expense paid by a covered person and/or family for covered services in a benefit period. After you reach your out-of-pocket limit, your plan covers 100 percent of the eligible charges for the remainder of the benefit period unless specified by your Health Plan. Check your Summary Plan Document for details. What is Coordination of Benefits? Your Summary Plan Document lists the definition in detail. Coordination of Benefits, or COB, applies when you are covered by multiple health benefit plans at the same time. Under one plan you will be designated as a primary member and benefits will be applied first. The second plan will coordinate with the first for any other possible payment. Do I need to complete and return a Coordination of Benefit
