Paying Out-of-Pocket

With insurance, many services are accessible at discounted prices. However, you may need to pay high deductibles and/or premiums on top of copays or coinsurance that come out-of-pocket already. So what if you want to pay entirely out-of-pocket instead? For individuals who want to go this route instead, there are several options. Here are four: 

• Out-of-Pocket
• • You cover the full of cost of your care
  • Payment goes directly to your provider
  • Some providers only accept this kind of payment

• Formal Payment Plans
• • Arranged payment agreement where you pay a set amount of money at certain times until bills have been paid off
  • Usually offered by hospital or collection agencies

• Health Credit Card
• • Only can be used for certain types of healthcare within a certain network of providers
  • Loan is taken from the issuer and must be paid back at a certain interest rate (like a credit card!)
  • Cards offered by some banks (Wells Fargo, Chase, Citi, etc.) and by some health insurance companies (e.g. Humana)
  • Works as an alternative to cash, credit or debit card

• Loans
• • Sum of money borrowed through some form of loan agency that is to be paid back with interest

As you can see, there are many options available to you when looking to pay for your services! 

If you have any further questions about out-of-pocket or insurance payments, please feel free to contact our Support Team at support@miresource.com or reach out directly to your provider!

Updated on: 07/10/2025