Just got a statement on my hospital stay. $523,000.00 billed from the hospital, and that may be just the first time. Thanks to Medicare Part C, we may only have to pay about $300 more. We already paid a $94 copay. Can you say feeling lucky?
Yeah, we saw a bill a few months ago for a procedure my wife had at a local hospital and an overnight stay. I forget the amount, but it was staggering and I knew we wouldn't have to pay it as it was way over our maximum annual out of pocket balance. We called the insurance company to ask about it, and they said because they had not paid the part the insurance covered yet, the hospital was showing what the full amount would be. BUT she said the insurance company had a contract with the hospital, so they would end up paying something like 10% of the total, and we paid a fraction of that, and the hospital would remove the rest because of their contract.Billed and collected is a whole different story... be surprised if they get reimbursed 10% of that.