Health Insurance Doctor Co-pays – Are They Really a Benefit

When a family goes out in the market and shops around for health insurance, they normally want a comprehensive plan that includes co-pays to the doctor, Rx coverage, and maybe even preventative or vision with the plan. Having these benefits makes it look more appealing to the subscriber and seems to offer the most for the money.

But, let us think again when purchasing this benefit. Let us look a national carrier and what the cost is for a family of three with and without co-pays to the doctor. I ran a quote without a co-pay option and the cost was around $ 85.00 less per month than with co-pays of $ 30 dollars. Now, according to the national average, one goes to the doctor two times per year. So, a family of three would go six times. They have to pay the $ 30 copay, that is an additional $ 180 dollars per year, plus the extra $ 1020 for the copay benefit, this will cost them around $ 1200.00 dollars a year for this benefit.

Now, if they did not get this benefit but had a carrier that allows them to use their insurance card and get a discount when going to the doctor, that cost will vary mind you, but you are looking at anywhere from $ 37-$ 45 per visit, depending on doctor and carrier. Note, this does not cost extra and you still get a pretty good discount when going to the doctor. Let us see, six times $ 45 is $ 270 dollars per year. Wow, you just saved yourself $ 930 by not getting the copay benefit…… What a benefit right? No it is not and you need to realize that the insurance company is not in the business of giving something for nothing.

In conclusion, every carrier has different costs and options with the co-pays-like preventative, etc., but when you add this feature on your plan, you need to add up the cost and make sure it makes financial sense. Could you use that extra $ 930 dollars for a new t.v.? A new wardrobe? Start adding up before you buy.

Gary Howard is a full service insurance representative and has 10 years experience in the field. You can go to http://www.superiorinsurancemarketing.com and fill out the form for a quote. Or you can call me at 1-888-849-8753. I am here to help you save on your insurance.

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