What’s a copay?
The savings are trickling down to us
Submitted 15 hours ago by Gork@sopuli.xyz to [deleted]
https://sopuli.xyz/pictrs/image/6f68a600-2608-4fa2-a6a8-f94233289efb.webp
Comments
la508@lemmy.world 14 hours ago
Zidane@lemmy.ca 14 hours ago
Silly American thing where you still have to pay for doctors visits even though you already pay insurance
VibeSurgeon@piefed.social 12 hours ago
To be clear, it’s a thing in many countries with socialized medicine as well. Sweden, Germany, France, to name a few.
TomMasz@piefed.social 11 hours ago
The Land of the Fee, baybee!
daggermoon@piefed.world 14 hours ago
That thing that makes us want to die.
monketman82@lemmy.world 14 hours ago
That thing that makes us
want todie.FTFY
Sandbar_Trekker@piefed.zip 11 hours ago
A copay is the amount that you pay for certain healthcare expenses. The rest is paid for by your insurance company.
skittle07crusher@sh.itjust.works 5 hours ago
Thank me later: youtu.be/-wpHszfnJns
SchmidtGenetics@lemmy.world 13 hours ago
Essentially a deductible.
dragonlover@lemmy.zip 8 hours ago
Not quite, at least not in American healthcare terms. A copay is your portion of the cost for an appointment, procedure, or prescription. For example of the doctor visit is $100 and my copay is $25, I pay $25 and the insurance pays $75 (in practice the insurance doesn’t ever really pay their full share but that’s a more complicated part of the equation.)
The deductible is how much I have to pay out of pocket in a year before the insurance starts paying anything. My deductible might be say, $1000, meaning I have to pay $1000 out of pocket before the insurance kicks in to cover anything at all.
max out of pocket is the maximum amount you will pay for medical in a year.
Oh and of course there is the premium which you pay monthly for the pleasure of having insurance.
So if your premium is $200, copay is $25, your deductible is $1000, and your max out of pocket is $5000, and a (normal non specialty) doctor visit is $100, you have to visit the doctor 10 times before the insurance pays anything at all (you pay the full $100 each time) and then the 11th visit is $25 and the insurance pays the rest. If you visit the doctor enough to hit max out of pocket (160 more visits to a normal non specialty doctor), then the insurance kicks in to pay 100%. And no your monthly $200 premium doesn’t go towards your max out of pocket
Most people never hit their max out of pocket and most people without kids that Ive talked to never hit their deductible unless they have a condition that requires regular treatment or if they get into an accident or have something major happen. Then you can blow out your deductible / max out of pocket in one hospital visit.
So basically your insurance is paid to do diddly squat, except prevent you from going bankrupt if you get into a car accident (except they will totally find ways to deny your claim anyways).
Source: am a trans man with a neurological condition. I’m a medical nightmare and have had to learn to be a self advocate through multiple American insurances.
steveLeo@lemmy.zip 7 hours ago
ADD AN ACRE TO THE GROUNDS!!
HatFullOfSky@lemmy.world 12 hours ago
By Grabthar’s Hammer… What a savings
resipsaloquitur@lemmy.cafe 9 hours ago
And it’s a warm trickle.
AlteE@programming.dev 8 hours ago
Insanely generous from their side.
popekingjoe@lemmy.world 15 hours ago
Thanks Republicans!
DonkeyStar@lemmy.world 5 hours ago
Completely unrelated, ondansetron is what I’d expect to hear when Santa upgrades to robotic reindeer.
BeigeAgenda@lemmy.ca 13 hours ago
Wow 0.002% savings! what will they do with all that cash?
Johandea@feddit.nu 13 hours ago
It’s a 2,37% decrease.
testaccount789@sh.itjust.works 12 hours ago
It’s 2.37‰
TheFunkyMonk@lemmy.world 6 hours ago
Zofran really is the goat tho
HeyJoe@lemmy.world 10 hours ago
A penny in 1900 is 40 pennys today. Doesn’t that make it sound better?
electriccars@lemmy.world 9 hours ago
A penny in 1900 was a worthless token that only had value because it could be exchanged for the valuable Silver and Gold coins of the era.
2067 pennies were able to be exchanged for 1 Oz of fine Gold.
Today, you need more than 400,000 pennies to get the same Oz of fine Gold.
400,000 / 2067 = ~193~
So the penny in 1900 is 193 pennies today.
ivanafterall@lemmy.world 9 hours ago
Damn, surely I could scrounge up 400,000 pennies…
Drusas@fedia.io 3 hours ago
Ondansetron is amazing.
Photonic@lemmy.world 14 hours ago
Sooooo close
Itdidnttrickledown@lemmy.world 8 hours ago
Its sure is. Working as in intended.
Generica@lemmy.world 10 hours ago
This is a pair of shoes that I saw in a store in Massachusetts.<br>
One cent savings
Generica@lemmy.world 10 hours ago
Btw this was a pair of shoes I saw at a store in Massachusetts back in 2017. I thought it was so ridiculous I took a picture of the tag.