Whats a “pre-existing condition”?
A pre-existing condition is any health condition you had before you applied for your insurance policy. What’s a co-pay? A “co-pay” is a predetermined amount you pay toward your medical costs during each visit to a health care provider or whenever you pick up a prescription. The amount of the co-pay is determined by your insurance provider and varies depending on the type of medical service or prescription received, but it is generally anywhere from $15-$75. After your co-payment has been made, your insurance provider will pay any remaining costs. So if your office visit was $150 and your co-payment is $30, you’ll pay your physician the $30 and your insurance company will pay the remaining $120.
