How does the co-payment system work?
Nizam Habibur
Last Update 2 hari yang lalu
Let's have a look at an example:
Miow (your cat), requires minor surgery. You file a claim for RM 100 for the clinic visit. Your coverage requires a 10% co-payment.
Once your claim is granted, the following is how your claim payout will be calculated:
● 100% - 10% (your co-payment) = 90%
● RM100 - RM10 (ten percent of total claim) = RM 90
In other words, the reimbursement rate for vet medical claims is 90%.
Your vet bill might look like this
TOTAL INVOICE: RM1,399.75
TOTAL COVERED: RM929.00 (Item allowed to claim)
SUM COVERED (90% Reimbursement Rate): RM836.10