Do you know what your health insurance deductible is?

Every year at this time I start thinking about and talking about deductibles and co-insurance. For 2011 medicare recipents have a $167.00 deductible. What does that mean? Starting January 1, 2011 the recipent or patient will have to pay out of pocket $167.00 before any office visit or medical expense is covered. Also, medicare only pays for 80% of the charges. If there is no secondary insurance than the patient would be responsible for the 20% remaining balance. If you have private insurance than other deductibles and co-pays may apply. It is essential to call your insurance company to insure you know your policy prior to receiving health care. For more information call Oxygen Plus Medical Equipment or visit www.oxygenplusmichigan.com.