A surprise medical bill is one that arrives in your mailbox after you’ve had a medical procedure that involves a physician or other provider outside of your health insurance network. These bills are called balance bills because they seek to collect the balance owed between the cost of your care and what your insurance plan covers.
But they are more likely to throw you off balance with an unexpected medical bill. Among privately insured patients, an estimated one in five emergency claims and one in six in-network hospitalizations include at least one out-of-network bill.
A new law, set to roll out on January 1, 2022, is intended to protect patients from receiving surprise medical bills for emergency services and select services provided by out-of-network physicians at in-network facilities. In this four-minute video, BOK Financial Insurance, Inc., leader Kate Perreault provides a brief update on the No Surprises Act and what it means for you.