Paying Out-of-Pocket
Out-of-Pocket
Paying out of pocket means that rather than using an insurance plan, you cover the full cost of your care. The payment goes directly to your provider (keep in mind some providers only accept this method of payment and do not accept insurance).
Formal Payment Plans
An arranged payment agreement where the consumer pays a set amount of money at a predetermined frequency until the bill has been fully paid. These plans are usually offered by hospital or collection agencies.
Health Credit Card
Payment card that can only be used to pay for certain types of healthcare within a certain network of providers that accept the card. Like a credit card, a loan is taken from the issuer and must be paid back at a certain interest rate. These cards are offered by some banks (e.g Wells fargo, Chase, Citi) and by some health insurance companies (e.g Humana). This is an alternative to cash, credit or debit card.
Loans
A sum of money borrowed through some form of loan agency that is to be paid back with interest.
If you need more assistance, feel free to reach out to our Support team at support@miresource.com.
Paying out of pocket means that rather than using an insurance plan, you cover the full cost of your care. The payment goes directly to your provider (keep in mind some providers only accept this method of payment and do not accept insurance).
Formal Payment Plans
An arranged payment agreement where the consumer pays a set amount of money at a predetermined frequency until the bill has been fully paid. These plans are usually offered by hospital or collection agencies.
Health Credit Card
Payment card that can only be used to pay for certain types of healthcare within a certain network of providers that accept the card. Like a credit card, a loan is taken from the issuer and must be paid back at a certain interest rate. These cards are offered by some banks (e.g Wells fargo, Chase, Citi) and by some health insurance companies (e.g Humana). This is an alternative to cash, credit or debit card.
Loans
A sum of money borrowed through some form of loan agency that is to be paid back with interest.
If you need more assistance, feel free to reach out to our Support team at support@miresource.com.
Updated on: 07/11/2023
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