To Start, Let’s Define The Insurance Terms
Premiums:
These are the payments made to the insurance provider for the cost of coverage itself. The premiums are paid monthly to maintain coverage.
Out of Pockets Costs:
Although every health insurance plan is different, these are costs that the insured, the Surrogate on behalf of her Intended Parent, must pay. Again, since every plan is different, the maximum out-of-pocket cost is set by the policy and normally is based on the calendar year.
Co-Payments:
This is the amount the insured, the Surrogate on behalf of her Intended Parents, for covered services that must be paid after the deductible is satisfied.
Deductibles:
Each year every policy has an amount that must be paid before the insurer (the insurance company) begins to pay for costs incurred medically.
Medical Liens:
Medical Liens are the right of a health care provider or insurer to assert an interest in their patients’ personal injury recoveries, which is now being applied by some health insurance companies for women acting as Surrogates. The amount that can be recovered by way of a medical lien will be limited to the cost of the treatment or the service provided; however, it is usually the lesser of the cost of services or, if more, 1/3 of the compensation paid to your Surrogate according to California Civil Code Section 3040.
Any Questions?
If at any point you have any questions or concerns, do not hesitate to call or contact us for more information.