Misleading insurance company paperwork, Chapter 436

Filed Under: Costs, Health plans, Patients

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Misleading insurance company paperwork, Chapter 436

Is it a payment or an adjustment? Wait, it’s both! This bill for a colonoscopy clearly identifies the sum of $722.13 as both a payment and an adjustment. The vertical “payments” column is quite clear. Just as clearly, there was no payment at all, judging from the horizontal selection. We have seen a lot of insurance […]

How to read a bill or explanation of benefits: Know the tricks

Filed Under: Costs, Health plans, Patients

2773127731
How to read a bill or explanation of benefits: Know the tricks

The insurance company’s “explanation of benefits” explains nothing. In fact it often confuses matters more. Also: People believe their insurance companies are paying more than they really are, because quite often the explanation of benefits leads to that conclusion. When I founded this company, in fact, a major impetus was the fact that no one […]