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Price Transparency Requirements
| Q |
Does the type of coverage I have (e.g., Private, Medicaid and Medicare) impact my costs? |
| A |
Yes. It is very common for health insurance entities – both public and private – to charge various amounts for deductibles, co-pays, and co-insurance depending on the insurance plan. All of these variables can have a direct impact on the amount of money you spend on healthcare services. In addition, high-deductible plans – which typically require a large payment from the patient before the insurance company begins paying – are becoming more common in the United States as employers are finding it increasingly difficult to cover the entire cost of healthcare for their employees.
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