In this article, Haley Sweetland Edwards writes about a new hospital model that is being adopted in some parts of the country where doctors only accept cash for procedures. One example of this type of model in practice is at the Surgery Center of Oklahoma, where cash prices for procedures are posted on their website.
The article describes the experience of one man who realized that his knee replacement would cost about half the price if he had it done at the Oklahoma Surgery Center versus his local hospital.
The problem here for many is that while paying cash upfront is the best way to save on medical costs, you’d need a large sum of money at your disposal to pay upfront. That’s why at Sidecar Health, our members are provided with a Visa payment card they can use to pay the doctor at the time of service so they don’t have to come up with a large sum ahead of time.
Read the full article at TIME
Coverage is administered by Sidecar Health Insurance Solutions, LLC. This is only a brief description of the insurance coverage(s) available. The Policy contains reductions, limitations, exclusions, and termination provisions. Full details of the coverage are contained in the Policy. If there are any conflicts between this document and the Policy, the Policy shall govern in all cases. Insurance plans in Alabama, Georgia, and Texas are underwritten by United States Fire Insurance Company, 5 Christopher Way, 3rd Floor, Eatontown, NJ 07724. Insurance plans in Arkansas and Kentucky are underwritten by Sirius America Insurance Company, 140 Broadway, 32nd Floor, New York, NY 10005. Coverage under these plans is unavailable to applicants age 65 years or older.
Fixed indemnity insurance plans do not provide ACA-qualified Essential Health Benefits or Minimum Essential Coverage. You cannot receive a subsidy (premium tax credit and/or cost-sharing reduction) under the ACA in connection with your purchase of such a fixed indemnity insurance plan. Also, the termination or loss of this policy does not entitle you to a special enrollment period to purchase a health benefit plan that qualifies as minimum essential coverage outside of an open enrollment period.
This is a limited benefits insurance plan and is not an expense incurred medical plan. The benefits provided under this plan are limited in nature and are not related to the costs you may incur for health care services. As a fixed indemnity insurance plan, this plan is exempt from many state and federal requirements that apply to other types of health benefit plans. This policy does not provide major medical expenses coverage, minimum essential coverage or essential health benefits.
†Comparison of premiums quoted to a 30-year-old person, with no pre-existing health conditions and residing in ZIP code 77002, for a standard policy administered by Sidecar Health and a Blue Advantage Plus BronzeSM plan issued by BlueCross BlueShield of Texas (as of April 18, 2019). Benefits are clearly labeled in the member portal and subject to your individual policy. New drugs and experimental procedures may not be covered by Sidecar Health. Please refer to your policy for exact coverage details.
‡Beck, Melinda. “How to Cut Your Health-Care Bill: Pay Cash” The Wall Street Journal,
www.wsj.com/articles/how-to-cut-your-health-care-bill-pay-cash-1455592277. Accessed 22 April 2019.