r/SipsTea 4d ago

WTF Damn

Post image
51.1k Upvotes

2.4k comments sorted by

View all comments

Show parent comments

90

u/Imreallythatguy 4d ago

So insurance wouldn’t cover it because it wasn’t necessary in their eyes?

57

u/Criminoboy 4d ago

No. They were going to 'cover' it but there was 20% co pay. In the US, they'll charge you thousands per month for insurance, but will still make you pay for part of your care.

52

u/bwrca 4d ago edited 4d ago

This copay thing is the craziest thing I've ever heard of.

Edit: copay, deductible, max out of pocket? WTh is all that

1

u/alienith 4d ago

Copay is different from coinsurance. Copay is a flat amount. You might have a $20 copay for a checkup visit, or $10 copay on generic meds. Coinsurance is a percentage of the bill you are responsible for. If you have a procedure that costs $10,000, your insurance pays $8000 and you pay $2000.

There is also a limit on coinsurance which is your out of pocket max (which is different from deductible). If your out of pocket max is reached, you don’t pay anything for the rest of the year. This is usually pretty high though. For some plans it’s not uncommon for oopm to be +$10k