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It mean s taht insurance benefits does not require you to pay anything up front for medical services

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Q: What does a zero dollar copay mean?
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What is a zero-dollar copayment?

Zero dollar copay means there is no costs to you for that specific product or service provided. For instance, if a prescription drug plan offers "zero dollar copays for generics" then any generic drug that is covered under the plan would cost you zero money. The reason insurance companies use the term "zero dollar" is to avoid using the term "free." The product or service you receive at a zero copay is not free because you still must pay the monthly premium for the plan.


What is copay on health insurance?

A Copay is a flat dollar amount that needs to be paid to a health care provider for services rendered. There may or may not be "coinsurance" applied after this flat dollar fee is paid. A Copay varies by the health plan benefits. Typical physician office copays are $20, $30 or $35 per visit.


What does OV20 mean on the health insurance card?

Office Visits - $20 copay Whenever you go to see your regular doctor you are required to pay a $20 copay.


Is there such thing as a zero dollar bill?

No there is no such thing as a zero dollar bill. And if you thought there is such thing as a 20 dollar bill, there is such a thing!


What if the doctors usual charge is less than the copay can the doctor receive the full copay amount?

The doctor's charges and the copay are separate fees, of course. With that, even if the charges are less than the copay, the physician still collects the patient's copay. At anytime, the physician can waive, then write-off, the copay, but I wouldn't advise this.


What is zero dollar threshold?

no


What does PV 20 mean on your health insurance card?

I means Preventative Visit and the copay is $20.00.


What is 0.0000024427 to the nearest dollar?

The nearest dollar would be zero dollars.


Does the word copay have to be hyphenated?

Copay is a relatively recent term. It is not hyphenated. In general, short words like this are not hyphenated.


How much is a red 1 dollar bill worth?

Zero. There are no red dollar bills.


What is the Medicare nursing home copay for 2011?

$141.50 is the copay for Medicare nursing home stays (day 21-100)


Would an individual prefer insurance with a copayment verses insurance without a copayment?

It depends on what other cost-sharing practices the insurance company uses. If the only thing you will ever be responsible for is a co-pay, than it is excellent insurance as most insurances require that you meet a 500-2000 dollar deductible before they will pay anything. So-if you do not have to pay a copay up front but will be responsible for the entire bill to meet your deductible, it would be better to pay a 35$ copay up front everytime you go. Example: you go to the doctors 4 times a year at $200 for every visit Company A- 40 dollar copay for office visit, no deductible, then 100% after ded Company B- No copay, 500 dollar deductible, then 100%. Company A Cost- 40*4=160 Comapny B Cost- 200*4-= 800 you pay 500 insurance pays 300