Risks Ahead. Patients don’t realize they have received out-of-network care until they receive a bill.
Risks Ahead. Patients don’t realize they have received out-of-network care until they receive a bill.
With health insurance plans becoming increasingly complex, more patients are billed for unexpected fees when outside their plan’s coverage network. Patients often don’t realize they have received out-of-network care until they receive a bill.
According to a recent survey by the Kaiser Family Foundation, almost 1/3 of insured Americans with financial problems tied to medical bills reported charges their insurance would not cover. These out-of-network charges were a surprise to nearly 70% of patients, who did not realize the services were not covered.
The problem typically happens to insureds who need to be hospitalized. Although services from the primary physician may be covered by in-network insurance coverage, services provided by other professionals often aren’t. In those cases, the patient will be billed at out-of-network rates.
When there is risk ahead, you can count on KMRD Partners Risk and Insurance Solutions for a common sense approach to risk management and transference through insurance coverage. KMRD Partners structured risk management process provides clients a competitive advantage, reducing their cost of risk while improving their operational efficiency.
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Please contact your KMRD Partners relationship manager or e-mail us at contactus@kmrdpartners.com to review your insurance policies before one minute from normal strikes.
