subject: Las Vegas Health Insurance How to Save Money [print this page] Las Vegas Health Insurance How to Save Money
Las Vegas Health Insurance can be confusing when looking at all the options. Let's start with the basic. When reference is made to a carrier, it is referring to a Nevada Health Insurance company that actually issues and administers the health insurance plan. For example, a Las Vegas health insurance agency may sell you an insurance plan from a Nevada Health Insurance carrier, such as Aetna, Humana, United Health Insurance and many more. What makes one Nevada health plan carrier stand out from another; it is not just the terms of the plans, like co-pay, coinsurance or general coverage. A major component to Las Vegas health insurance is the contracted rate. Contracted rate is the mutual agreed upon price that an insurance company will pay a doctor or hospital for services rendered. This is may be the most important benefit especially in a higher deductable plan. The contract rate paid to the doctor, medical facility, pharmacy, or lab is a fraction of what you will pay if using the service and paying cash. The prices paid for Las Vegas health care can vary greatly from carrier to carrier. The great part of contracted rates is when you pay for services and your health insurance plan has not yet started paying for benefits, you are extended the contracted rates. Let's say that you just had a procedure done that cost $4K dollars if you did not have insurance. But you have insurance and your deductible is $5K. With contracted rates you could be charged as little as $1K for the same procedure that someone who is paying cash just paid $4K. Since your Las Vegas or Nevada health insurance has not started to pay for services (due to a $5K deductable), this is a giant savings and helps keep money in your pocket. Anything that the insurance company doesn't pay is written off-no breaking your bank, taking your life savings.
Your Las Vegas health insurance carrier has negotiated with local doctors, hospitals, surgeons and other healthcare providers to form a network of medical professionals that all accept your insurance plan and charge the contracted rates. When you visit your network of Nevada health insurance providers that is in-network, it means that you are staying inside of this network of professionals and they all agreed to the contracted rate. If you visit a healthcare provider who is not in the health insurance plans' network then you are going out-of-network and will not have the benefits of contracted rates. Always verify your health care providers accept your insurance. Most Nevada health insurance plans have an online directory. The best place to purchase insurance is from a local Nevada health insurance agency representing all the major carriers.
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