Health Insurance: Saving Money with Negotiated Pricing - Membership Matters

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Nevada Insurance Enrollment Explains The Biggest Hidden Benefit of Health Insurance

LAS VEGAS - eTradeWire -- An ACA-compliant health insurance plan covers most health-related expenses that you could come up against, sparing you from high medical bills in the event of an injury or illness, not to mention the expense of routine care. However, even before you hit your annual deductible, your health insurance saves you a significant amount of money. Because of negotiated rates, when you use a network provider, you may pay substantially less for care than someone who doesn't have health insurance coverage before the deductible has been met.

What Is a Negotiated Rate?

The majority of health insurance companies have a contract with a network of hospitals and other providers. In this contract, there are negotiated rates for different services. This negotiated rate is generally lower, sometimes significantly lower, than what a provider would charge someone who is paying out of pocket. For example, a hospital may charge an uninsured person $2,000 for a CT scan. However, a health insurance provider may have a negotiated rate of, say $500 for a CT scan for their insured members. The actual amount varies.

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Nevada Insurance Enrollment
4260 W. Craig Road suite #150-A
North Las Vegas, NV  89032
(702) 898-0554

Nevada Insurance Enrollment
Shelly Rogers

Source: Nevada Insurance Enrollment
Filed Under: Insurance

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