A fuller guide to this term is on the way. In the meantime, the related terms below explain the ideas around it.
Related Brickyard terms
- Out-of-NetworkProviders without a contract with your insurer, which usually means higher costs or no coverage at all.
- NetworkThe group of doctors, hospitals, and providers an insurer contracts with to offer care at negotiated rates.
- CoinsuranceThe share of a covered cost you pay as a percentage after meeting your deductible, with insurance covering the rest.
- Explanation of BenefitsA statement from your insurer showing what a service cost, what they paid, and what you may owe, though it is not a bill.
- DeductibleThe amount you pay out of pocket for covered costs before your insurance starts chipping in.
Turn this into a brick
Knowing what Balance Billing means is knowledge — the first half. A brick gets placed when you act on it.
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Plain-English education — not personalized legal, tax, or investment advice.