Hospital Invoice Came in Today
Your insurance also DID NOT pay that amount to the hospital. That is their BILLED charges. They reach a settlement with your insurance based on what your plan/group covers. That 40k+ bill will likely be paid at around 50% when all is said and done.
The beauty for the hospital by marking it up is that whatever they aren't paid from their invoice...they can deduct for taxes purposes. That is why your bill ends up so high....but they never really got all that money.
That is also why self pay seems soooo much lower. They expect to get ALL of that money.
The beauty for the hospital by marking it up is that whatever they aren't paid from their invoice...they can deduct for taxes purposes. That is why your bill ends up so high....but they never really got all that money.
That is also why self pay seems soooo much lower. They expect to get ALL of that money.