And still the baby bills keep coming…

Insurance, Parenting, Personal finance

If you want to learn Excel, keep reading or Get 10 days of free unlimited access to Lynda.com. for professional help and Excel Tutorials
***************

In my previous post about the , I noted that the hospital and doctors had charged a total of $24,520 “gross” before the insurance company discounted for reasonable and customary charges. We continue to receive various notices from the insurance company for additional fees.

Just a couple of days ago, another insurance notice came in for a total of $5,213 for line items like “nursery”, “drugs”, 3 “laboratories”, and “auditory exams” that were submitted to them by the hospital. Actually, our baby never spent time in the nursery (he bunked in the same room with us per hospital policy, but maybe that counts as the same thing). Running total in charges so far: $29,733.

The interesting thing about this bill is that the insurance company won’t be paying for the $5K in charges, and neither will we. Apparently these charges are covered in some sort of global or all-inclusive or “case rate” reimbursement.

Like in my other post, I still can’t figure this out. Either the hospital/doctors are charging actual costs, and the insurance companies are paying “less” than they should, or the hospital/doctors are charging extra amounts above reasonable costs, and the only people paying them are those who are uninsured. Or maybe I’m still misunderstanding how this whole system works.

Regardless, I’m definitely starting to see why it is so many people end up in bankruptcy due to medical costs.

***************************************************

Look Good at Work and Become Indispensable Become an Excel Pro and Impress Your Boss


***************************************************

4 Feedbacks on "And still the baby bills keep coming…"

Free Insurance Quotes - Auto - Life - Home - Health - Dental

Free Insurance Quotes – Auto – Life – Home – Health – Dental…

Photolibrary has issued a five- page press release explaining the situation it faces with paying Index Stock photographers. ( Related story.) A key part of the statement says:…



fx trading online

fx trading online…

A lot of money is being spent to ensure that Tenerife maintains it’ s position as a top holiday destination and a wise investment, maybe this is the year that you will finally make the big move….



automaticforextradingsoftware.com

automaticforextradingsoftware.com…

[…] presents Vinod Khosla Talks about Green Investing & Entrepreneurship posted at San Francisco Bay Area Small Business Community That Connects You With Entrepreneurs[…]…



Paul in Hong Kong

Fascinating. I remember reading something about this global or all-inclusive reimbursement. Perhaps its akin to universities writing off part of tuition for underprivileged students; maybe some small fraction of hospital patients pay the whole amount, cash. My step-father kinda works in this industry; I’ll ask if knows.



Comments

Please Leave a Comment!





Please note: Comments may be moderated. It may take a while for them to show on the page.