How to Calculate Patient and Payer Responsibility (Copay vs Coinsurance vs Deductible)

In this video I explain the difference between copay, coinsurance, deductible and out of pocket maximum. I explain and show you how to calculate in network patient and payer responsibility.

The Billing Coaching Group provides live medical billing instruction and software training. If you want to learn the fundamentals of each stage of the revenue cycle, join us! We meet for 6 weeks on Wednesday's at 8pm EST.

The next two sessions of live training start on September 22, 2021 and November 3, 2021.

[meowser]

You are doing the lord’s work, this is the first time it had made sense, big THANK YOU!!! ❤

[echomercilesssamoah]

Thank you life saver! I understand it way better now!

[imcphan]

very helpful I go to externship in a few days and this was my weakness I'm glad their letting me bring notes.

[darlenedunbar]

Just came across your channel today. You are a good teacher. I will be watching more of your videos.

[mistiipage]

Thank you so much for this video and the time you put into it, to share with us all! It's so much appreciated!

[angelagriner]

Oh my gosh I love I finally get it now I am taking my medical and billing coding exam for the 2nd time on friday You are so so helpful I will be watching you videos..

[aggie]

Thank you for your video! I watched lots of videos about this topic and you clearly explained everything. You're examples helped me a lot. Thanks again!

[LaShander]

All I can say is thank you for breaking this down for me. You were extremely helpful.

[staceylicayan]

Thank you so much. I was so confused with all of this before you. The book we are using is very vague in describing how to calculate. You are an angel.

[toddyrich]

Example 5 was excellent for my education on how to read my EOB! Thank you very much!!!

[feliciacoleman]

Thank you lady! I agree with the previous notes this was spot on and very clear

[LaTonyaBrewer]

Your breakdown of the billing process was so helpful, thank you!

[SocaTrain]

I can’t stop saying thank you for these vids!

[tinagraham]

thank you thank you thank you! I'm currently taking an online medical billing/coder class and I was super lost! I can tell you love what you do and this gives me inspiration to keep going and not give up on this class.

[djm]

You are amazing! I made up my own numbers and followed your guide for ea example. I'll need to know how to calculate for my job. God bless you ❤️❤️

[magellanmando]

I am so glad that people like you are able to make videos helping out students, this really helped me understand most of the medical billing part of the Health Insurance and Medical Billing tests in BPA. Hopefully my results improve for state BPA.

[devsai]

GREAT useful video! this is such an underrated video...people need to know all of this to survive in the US

[lovemagnet]

THIS VIDEO WAS SO HELPFUL. THANK YOU!!!

[elizabethvonstur]

Thank you SO MUCH for this! I’m taking my NHA CBCS certification exam tomorrow and I am just refreshing my knowledge of patient responsibility. You make it clearer than the entire program I took. I will probably join you on Wednesday nights to learn more about the billing aspect…I have coding down but billing is still tricky for me. So happy I found you!

[abirroy]

Excellent explanation. Each examples are fantastic 🎉❤