Importance & Impact of Eligibility Verification There is a lot of confusion in the current healthcare space regarding health insurancenot only among the other hospitals and healthcare providers but also among the patients. In fact, many of your patients are not well aware of the mechanism of the insurance process as it comes with numerous cost-sharing options. They may not even be familiar with the difference between co-pay, premium, coinsurance, deductible, and out-of-thepocket maximum. All of which work together intending to provide health coverage. Additionally, many patients are often confused about why their insurance plans follow higher coinsurance, though they opted for a low-cost premium plan. Having negotiated lower payment rates, they feel cheated when they have to pay up the bills for availing of an out-of-network service. They get puzzled with the belief that they are denied health coverage, little realizing their mistake of not covering the deductibles. inquiry@infohubservices.com
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