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The price and cost of American health care and coverage is intolerable. Luckily a growing number of states are doing something bold—rewarding patients with “deductible credit” when they pay a cash price below what their insurance company pays.
Why does it matter? Because instead of blowing through your entire deductible over a $6,000.00 MRI fee (not even the full episode of care), you can now directly pay ~$300 to a provider and have that out-of-pocket spending count towards your in-network deductible. If you as a patient do a better job at finding a price below what your health plan pays normally you should be rewarded and not penalized.
Attached is a table contrasting how states are going about implementing “deductible credit” laws. To date only 6 states have successfully implemented a variation of a deductible credit reform; however more state legislatures are getting poised to work on similar policy.
✅ = State has recently passed a law
🟡 = Attempted bill
🛑 = A proto version of deductible credit with limitations
docs.google.com/spreadsheets/d…
Why does it matter? Because instead of blowing through your entire deductible over a $6,000.00 MRI fee (not even the full episode of care), you can now directly pay ~$300 to a provider and have that out-of-pocket spending count towards your in-network deductible. If you as a patient do a better job at finding a price below what your health plan pays normally you should be rewarded and not penalized.
Attached is a table contrasting how states are going about implementing “deductible credit” laws. To date only 6 states have successfully implemented a variation of a deductible credit reform; however more state legislatures are getting poised to work on similar policy.
✅ = State has recently passed a law
🟡 = Attempted bill
🛑 = A proto version of deductible credit with limitations
docs.google.com/spreadsheets/d…
