Evolve Physical Therapy: End of Year Insurance Updates!
Evolve Physical Therapy Year End Update In Regards to Health Insurance…Maximizing Your Health Benefits Before the End of 2020
Finally, 2021 is just around the corner! But don't be so quick to bring 2020 to a close without maximizing your health benefits.
We want to remind you to take advantage of any unused insurance benefits. Make sure to use all available benefits to complete any outstanding treatment, preventive or maintenance Physical Therapy sessions. Almost all plans reset on a calendar year, this means any applied deductible amounts, Out of Pocket Max, or visits allowances and even unused FSA plans dollar amounts do not rollover to the next benefit year.
“So, Use ‘Em or Lose ‘Em!”
2020 Benefits you might be losing out on:
Losing out on your Insurance Deductible? – Your deductible is the required amount of money paid for health services before your medical insurance starts contributing full or partial amounts for your health services. If you already paid your deductible, but only came in for therapy once, you are not “getting your money's worth”. Your deductible starts again each new year.
Losing out on your Co-Insurance? - Co-insurance is a percentage of the amount of money that the health insurance company will contribute towards your Physical Therapy sessions. For example your insurance plan may have a coinsurance of 80%/20%, meaning they will cover 80% of your cost for therapy leaving you with a $20 financial responsibility.
Losing out on FSA Dollars? - Use Your Existing flexible spending account (FSA) Contributions – Another great reason to schedule a Physical Therapy appointment before the end of 2020 is to spend any remaining balance in your flexible spending account (FSA). This is an account that you establish through your employer, and that you may have elected to have some of your pre-tax pay put into. Use it or lose it: If you don’t use all your FSA by the end of the year, you’ll lose them. If you have a Health Spending Account (HSA), now is the time to schedule treatment so your co-payment amounts can be applied to this year’s deductions.
Losing out on lower Premium Rates? - As you’ve heard on the news, most premiums are going up – Through your insurance provider, you currently have health insurance premiums every month, therefore you should be using your benefits. Even if you don’t have any immediate pain or issues, you and your family should always have treatment sessions and screenings periodically looking for early signs of imbalance, postural changes, arthritis etc,.
Fee Increases or Substantial Changes in Coverage– 2020 there are a lot of changes happening to our health care system and coverage. Therefore, use your benefits before the end of 2020, as there could be fee increases or a reduction in services covered under your current plan.
We’re ready to help you move healthier & happier in 2021! Click here for more information about our physical therapy services
Call us today to schedule your appointment! 1-718- 258-3300
Happy Holidays!
EVOLVE PHYSICAL THERAPY, 3319 AVENUE N, BROOKLYN, NY, 11234 | (718) 258-3300 | FRONTDESK@EVOLVENY.COM
NYC's Premier Holistic Physical Therapy Clinics-
There’s physical therapy, there’s training, and then there’s EVOLVE. We use the science of biomechanics merged with fitness to help our patients get better and stay better!
First we evaluate, then we heal, then we strengthen our clients so they can reach their goals, feel better, and live happier lives. We do so by utilizing a range of core techniques and specialized treatments to reduce pain, improve mobility, enhance physical strength and deal with the underlying issues, not just the pain itself.
Multiple Locations!