Many High Deductible Policies only cover 50% for MRI Imaging
High Deductible Policies Have Lower Premiums
but MRI Scan costs are High
Many of the high deductible policies cover medical imaging at only 50% after the deductible is met, leaving the other 50% payable by the patient. With the average cost of an MRI at $2400, 50% of the cost can be a significant out-of-pocket expense, even with insurance. Once your health care policy deductible is met, 50% of $2400 is not an easy amount to come up with.
At Northwest MRI, we realize health care should be more affordable. That is why we’ve built our business model centered on low fixed costs (low overhead). We have also developed business systems and processes that allow us to keep costs to our patients down.
Why Should I Pay Upfront If I Have Health Insurance?
Today, individuals and families are increasingly transitioning to a high deductible health plan, either by choice or due to employer options, to lower the monthly cost of their insurance coverage. A high deductible health plan (also known as an HDHP) means exactly what the name implies. You will pay out a high amount of money (deductible) before the insurance plan starts paying for your medical bills.
If you have an individual plan with a deductible of $4,000 and you receive a medical bill in the amount of $1,200 for an MRI, the insurance company will not pay anything until you reach your deductible. Therefore, you will pay the entire amount out-of-pocket. Would you rather pay $1,200 for an MRI or would you rather pay $599 for an MRI? In other words, would you like to keep $601 in your pocket or give it to a hospital? This is a considerable savings by most accounts.
Keep in mind, if you go to a hospital you will pay an additional fee for the radiologist report at an average cost of $265. We use the same imaging technology, the same professionally trained staff and board certified radiologist who interprets your exam with no additional cost to you.
The bottom line: we will save you money if you have not met your annual deductible. Why pay more?