Hospital bill - Oh my!!

Most co-insurance is an 80/20, after deductible has been met. This means you pay your deductible plus 20% of what insurance did not pay. My out of pocket is $3500. Meaning, I can pay (after deductible) up to $3500 that the 20% covers on my part. Insurance companies do not pay the full $40,000. They have a limit as to what is charged. That is when the DR's office "drop's" the amount owed. You will pay 20% of what the insurance is charged. Not 20% of the $40,000. But, you could end up w/ still having to pay your deductible plus $3500. I will end up with around $2000 out of pocket on my part.
The only reason I know this, I am a licensed health insurance agent and dealt w/ this a lot.

I just got the bill for my july myomectomy (outpatient procedure). It was 7000, of which insurance paid 4500, wrote off 2000, and I pay 500. So I asked when I could expect the hysterectomy bill and they told me it could be as long as 2 years!

I am just truly grateful for my insurance. There definitely are people who are not eligible for public health and have no insurance--I know a lady in that situation who has been told she needs a hysterectomy for years and now is anemic. And she's not the only one.
That's why the single biggest cause of bankruptcies in this country is unpaid medical bills...
Deb

Ladies as I stated in an early post I had rec'd my bill and at that point it was almost 20,000. I owe nothing from the surgery. I have really good insurance. I work for our local school district and unfortunately our insurance will be changing so this is why I chose to have this done now, I knew if I waited I wouldn't be able to afford it.

I hope everyone has a good day!
We are expecting another 8-10 inches of snow again tonight into tomorrow. Another day off for the kids!