Deductible balance when balance is negotiated down
Not trying to defraud anyone, just not sure how this works. Hypothetical dollars but real scenario.
Let’s say an ER visit final cost is $5,000 after insurance allowed rates. I get a bill for that amount and the insurance co reduces my out of pocket deductible balance by that amount. I then negotiate a lower bill with the provider to $2,000. Does the $3,000 discount go back into my remaining annual deductible? Or does the insurance company even know? Am I supposed to report it?
u/mgundel — 5 days ago