From a medical insurance explanation of benefits document that I received for an emergency room visit that my son had.
Amount billed: $1,062.80 (“This was the amount that was billed for your visit”)
What my plan paid: $1,208.00 (“Cigna paid $1,208.00 to XYX Hospital”)
What I owe: $100
You Saved: 114% ("You saved $1,208.00 (or 114%) off the total amount billed.)
:dubious: :dubious: :dubious: :dubious: :dubious:
I am not really complaining, because I know my co-pay was $100, which is what I will be billed. Why the Insurance company decided to pay the hospital more than the bill? I will never know.
I would link to an image, but I can’t get to those sites at work.