Friday, November 26, 2010

How does health insurance work?

When I go to the doctor, I pay my copay and leave and I don't have any idea what happens past that. So I guess the doctor or clinic bills for whatever procedures they do (checkup, x-ray, etc.) and the health insurance provider picks up the tab. Is that how it works?
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Your group insurance through your employer pays the whole premium or takes it from your salary or you pay it to the employer up front. Your employer pays 20 per cent of costs and insurance company takes care of 80 per cent or less.
Source

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