Insurance plans share costs between the insurer and the patient. The most common cost-sharing
components are deductibles, copays, and coinsurance.
Deductible
The deductible is the amount you must pay out of pocket each year before your insurance begins
covering services. If your deductible has not been met, you may be responsible for most or all of the
MRI cost.
Copay
A copay is a fixed dollar amount you pay for a covered service. Some plans require a copay for imaging
services like MRIs, even after the deductible is met.
Coinsurance
Coinsurance is a percentage of the cost that you pay after meeting your deductible. For example, if
your coinsurance is 20%, you pay 20% of the allowed MRI cost while insurance covers the rest.
Because plans vary, patients are encouraged to review their insurance benefits or speak with a billing
representative to understand their expected out-of-pocket responsibility before scheduling an MRI