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  Happy New Years! It’s now that time of year when most health insurance policies renew.  J  Sometimes the terminology in health insurance policies can be a little confusing, so we are here to help!  We have chosen a few common insurance terms and explained them in a bit more detail so they are easier to understand.  Remember, it’s always a good idea to call your insurance company with any kind of question or clarification you may need.  They are always willing to help, as is Hart Medical Equipment!   What is a Deductible? The deductible is a set dollar amount the patient must pay before the insurance company starts picking up some of the cost for the medical benefits. Once you meet your deductible, the insurance will pick up a set percentage of what the patient is responsible for and leave them with a coinsurance to pay.   What is a Coinsurance? Coinsurance is a set percentage of coverage the patient is responsible

  Have you had an insurance change?  Has your identification number been updated? It is important for Hart Medical Equipment to have your current insurance information. Having updated insurance information will help stream-line the reimbursement from your health insurance company, in turn, improving Hart’s ability to keep deductibles, copay balances and payments current for you. If you have a change in insurance, will you please let us know?  Insurance changes especially affect patients with rental equipment. Each health insurance company has its own list of requirements for documentation and qualifications to take over payment of a rental that was previously under a different insurance.  Documentation requirements may include an updated physician’s prescription and recent physician visit notes, while new qualifying testing may be necessary for therapies such as oxygen and CPAP/BiPAP. With insurance changes, each insurance company has its own