What is the difference between co-pay exemptions and deductibles?

What is the difference between co-pay exemptions and deductibles?

Co-pay exemptions are situations where you don't have to pay a co-pay for certain services, while deductibles are the amount you pay out-of-pocket before your insurance starts covering costs.

Can you give me an example of each?

Sure! For instance, if your plan has a $20 co-pay for doctor visits, but you have a co-pay exemption for preventive care, you wouldn't pay that fee for check-ups. A deductible example would be if you have a $1,000 deductible; you must pay that amount for services before your insurance kicks in.

Are there any services that are typically exempt from co-pays?

Yes, many insurance plans exempt preventive services like vaccinations and annual check-ups from co-pays to encourage regular health screenings.

How do I find out if I have co-pay exemptions?

You can check your insurance policy documents or contact your insurance provider directly to inquire about any co-pay exemptions that apply to your plan.