To be clear, you pay the plan's negotiated amount, not the cash amount, which can be significantly different. For example, my routine blood work for my physical was charged at $595 but the insurance company negotiated a price of $54. I haven't hit my deductible yet, so I was only charged $54. Even through I have a high deductible I haven't met, I'm still benefiting from the insurance.
blanktom9 t1_iue9qhe wrote
Reply to comment by wanttostayhidden in Is there a downside to enroll in HSA vs. FSA? by newsboyron
To be clear, you pay the plan's negotiated amount, not the cash amount, which can be significantly different. For example, my routine blood work for my physical was charged at $595 but the insurance company negotiated a price of $54. I haven't hit my deductible yet, so I was only charged $54. Even through I have a high deductible I haven't met, I'm still benefiting from the insurance.