MedLink Billing Partners LLC’s Post

Billing Tip Tuesday! Deductibles vs Out-of-pocket maximum, know the difference! Deductible: the amount of money a patient/client has to pay before their health insurance pays for a specific service. Deductibles are not applicable to all services. Out-of-Pocket Maximum: the maximum a patient/client has to spend out-of-pocket in a calendar or fiscal year for all covered services before their health insurance pays 100% of these services. It includes all of their copays, coinsurance, and deductibles throughout the year. #tiptuesday #oopvsded #billingtiptuesday #deductible #outofpocket #medlinkbilling

🚨Attention all health insurance holders!🚨 Do you know the difference between your deductible and out-of-pocket maximum? Let us break it down for you in simple terms! Your deductible is the amount you pay before your insurance kicks in, while your out-of-pocket maximum is the most you’ll have to pay for covered services in a year. Understanding these terms can save you money and stress when it comes to healthcare expenses. #Insurance101 #StayInformed 🏥💰

📊 Deductibles can be confusing, but they’re a crucial part of your insurance policy. Don’t miss this breakdown from APRIL Asia that simplifies everything you need to know. #Deductibles #HealthInsurance

𝐃𝐨 𝐲𝐨𝐮 𝐤𝐧𝐨𝐰 𝐰𝐡𝐞𝐫𝐞 𝐞𝐯𝐞𝐫𝐲 𝐡𝐞𝐚𝐥𝐭𝐡 𝐢𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐝𝐨𝐥𝐥𝐚𝐫 𝐰𝐚𝐬 𝐬𝐩𝐞𝐧𝐭 𝐥𝐚𝐬𝐭 𝐲𝐞𝐚𝐫? No, not if you're "traditionally" fully insured. Yes, you've created transparency by alternatively funding your health insurance. Yes, the claims are no longer auto-adjudicated and the providers are now paid a fair rate of reimbursement. Yes, you understand that pharmacy made up 30% of your company's health insurance budget and your employees are getting their medications at the lowest possible rate. Yes, your advisor has created an open-access network and a custom plan design to remove the insurance carrier's profit margin and state taxes. ***whiteboard message was written by my 8-year daughter*** #HR #CFO #CEO

Health Insurance Open Enrollment Period is approaching ⚠️ The problem with traditional leads is you never know what you're getting until AFTER you spend the money. We can fill your pipeline with QUALIFIED insurance leads❗ Don't wait until it's too late — Click the link to book a call📅👉 https://lnkd.in/e7wbq6F7 #HealthInsurance #LifeInsurance #InsuranceLeads #HealthPlusLife #QualifiedLeads

With Health Insurance, Cost Sharing is the share of costs covered by your insurance that you pay out of your own pocket. This term generally includes deductibles, coinsurance, and copayments, or similar charges, but it doesn't include premiums, balance billing amounts for non-network providers, or the cost of non-covered services.

With Health Insurance, Cost Sharing is the share of costs covered by your insurance that you pay out of your own pocket. This term generally includes deductibles, coinsurance, and copayments, or similar charges, but it doesn't include premiums, balance billing amounts for non-network providers, or the cost of non-covered services.

With Health Insurance, Cost Sharing is the share of costs covered by your insurance that you pay out of your own pocket. This term generally includes deductibles, coinsurance, and copayments, or similar charges, but it doesn't include premiums, balance billing amounts for non-network providers, or the cost of non-covered services.

With Health Insurance, Cost Sharing is the share of costs covered by your insurance that you pay out of your own pocket. This term generally includes deductibles, coinsurance, and copayments, or similar charges, but it doesn't include premiums, balance billing amounts for non-network providers, or the cost of non-covered services.

Another day, another insurance myth to dispel. 🌱 Myth: I'll never meet my deductible anyway, so why bother? Fact: Even if you don't meet your deductible, health insurance can still save you money on covered services and prescriptions. Plus, many plans offer free preventive care, so you can *stay* healthy without worrying about costs. 💡 Don't let misconceptions stand in the way of your health and financial security. Let's chat about finding the right insurance plan for you. #HealthMyths #GetInformed #StayHealthy #InsuranceMyths #HealthInsurance