Insurance & Payment Information

 

Insurance/Payments


 

Aligned Modern Wellness accepts all health insurance and we are proud to be in network with several major insurance companies, including Medicaid and Medicare. We also accept auto accident and workers compensation cases.

 

 

Insurance Terms Explanation

Premium: The monthly or annual amount you will pay for your insurance policy.

DeductibleThis is the initial dollar amount you must pay before your insurance company begins paying for health services. Usually, the higher the deductible, the lower your premium. However, do not choose a deductible so high that you cannot afford to pay it. The contract will dictate the specific amount you pay per year for your family. You must pay a deductible each year, which will vary depending on the number of people covered by the policy.

Coinsurance:Coinsurance is the share or percentage of covered expenses you must pay in addition to the deductible. For example, your policy may pay 80 percent of covered charges after you pay the deductible. You would then pay the remaining 20 percent as coinsurance.

Copayment:A copayment is a specified dollar amount you pay, as a subscriber to a managed care plan, for covered health care services. It is paid to the medical provider at the time the services are rendered. Your services are then sometimes covered 100% but it varies by each plan.