What is a co-pay? What is a deductible?

 

A co-pay is a fixed amount the patient pays for medical services. The remaining balance is covered by the patient's insurance company. Co-pays may vary within the same plans, depending on the service provided.

 

A deductible is a fixed amount a patient must pay each year before their health insurance benefits begin to cover the costs. After your deductible has been met, patients typically pay coinsurance — a percentage of the total costs — for any services that are covered by the plan. They continue to pay the coinsurance until they meet their out-of-pocket maximum for the year.

 

To understand what your specific insurance plan will cover with Mood, we recommend contacting your insurance directly.

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