10 Tips on Avoiding Major Health Insurance Traps

HOW TO AVOID THIS HEALTH INSURANCE TRAP

To avoid this costly mistake and reduce healthcare costs, Lopez suggests not paying your medical bill until you get the official explanation of benefits (EOB) from your health insurance company. The EOB will show how much of each bill was covered by your insurer as well as any discounts applied. It will also tell you your out-of-pocket responsibility for the bill.

Typically, you’ll receive an updated bill from your medical providers, Lopez said. “Make sure everything matches up before you pay it, and contact your insurer and the doctor’s billing office if you have any questions.”