DIVERSIFIED BENEFITS ADMINISTRATORS
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Frequently Asked Questions 
  • What is a co-pay?  A health insurance copayment is a fixed amount set by an insurance plan for sharing the cost of covered services between the plan and the customer. The cost-sharing system is a critical selling point for each plan because it breaks down how much you'll actually owe for services, prescriptions, doctor visits, and more.

  • What is co-insurance?  Coinsurance is the percentage of costs you pay after you have met your deductible.

  • What is a deductible? ​A deductible is the set amount you pay for medical services and prescriptions before your coinsurance kicks in.
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  • Why is it beneficial for me to use network providers?  Make sure you use doctors and service providers that are in-network: It will significantly reduce your out-of-pocket medical expenses, and. Ensure any costs you incur are applied towards your plan's deductible and out-of-pocket maximum (out-of-network costs don't count).

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  • Home
  • About
  • Services
    • Health
    • Life
    • Medicare
    • Long-Term Care
    • Annuities
    • Disability Income
  • Workshops
  • Contact
  • Request a Quote
  • Privacy Policy
  • Terms of Use
  • Resources
  • FAQ