Can You Be Exempted From Paying a Co-Pay?

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Individuals can be exempted from paying health insurance co-pays if they are the victim of a car accident that was not their fault, or if the individual is an executive who is compensated for their medical co-pays. Learn about the standard fees charged to a person when visiting the doctor with information from a registered financial consultant in this free video on health insurance.

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Video Transcript

This is financial adviser Patrick Munro talking about can you be exempt from paying a co-pay. A lot of individuals are not aware that when it comes to health insurance, you are responsible for a certain portion of the visits to the medical facility, be it a standard doctor's visit or be it emergency room visit. This is called the co-pay under your insurance company's terms. There are times when you can be exempt from paying your co-pay most notably under the insurance contract if you were involved in an accident involuntarily the victim of an accident and you are required to receive medical attention and then you were brought into a medical facility, you would in essence be exempt from paying your co-pay. You would actually have it billed to the statement but it would be canceled out by the uninsured motorist protection portion of the other offending motorist who caused you to go into the hospital. That would discharge you from your responsibility of paying the co-pay under the policy. Also you can be exempt from paying a co-pay if you're an executive for a corporation with perks if you will that allow you to basically have executive compensation coming behind your co-pay and therefore reimburse you for that. This is Patrick Munro, financial adviser, talking how you can be exempt from paying a co-pay.

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