I've been wrestling with this all day now and am still confused.
When I am entering expenses and am in the "My Payments and Copays" window, there is a checkbox for "Copay." But I can't figure out what it does. Checking it or unchecking it doesn't seem to have any effect on what shows up on the "Deductibles/OOP Max" report.
I created an expense with 2 services and checked the box on one and left it unchecked on the other. But when I looked at the report it showed that both amounts were applied toward the deductible.
Can somebody explain really slowly what the box is for?
Thank you, from one of the slower member of the class. I think I'm going to like this software if I can ever get it figured out.
Re: What is the "copay" check box for? Aug 13, 2006 09:16 pm
Can somebody explain really slowly what the box is
for?
I have yet to see any functional differences between checking it and leaving it unchecked. I keep checking it where appropriate in the hope that v3 will optionally apply or exclude it from Deductible and OOP calcs.
Re: What is the "copay" check box for? Aug 14, 2006 11:24 am
tessgold said:
I've been wrestling with this all day now and am
still confused.
When I am entering expenses and am in the "My
Payments and Copays" window, there is a checkbox for
"Copay." But I can't figure out what it does.
Checking it or unchecking it doesn't seem to have any
effect on what shows up on the "Deductibles/OOP Max"
report.
I created an expense with 2 services and checked the
box on one and left it unchecked on the other. But
when I looked at the report it showed that both
amounts were applied toward the deductible.
Can somebody explain really slowly what the box is
for?
tessgold,
I agree that, right now, there is no functional difference in the calculation but I consider the copay check mark as kind of a "note to self" concerning the payment. This comes from the MEM Help file:
"Copay: check this if the amount you paid was a copayment?that is, a charge you pay for outpatient office visits to network providers at the time services are delivered."
For example: Your insurance company requires a $10 copay to the clinic at the time of the visit. Checking Copay under My Payments simply flags that the payment was made in advance and not after receiving a provider invoice.
Insurance plans count copays in different ways (deductible, maximum out of pocket, etc.). I haven't seen that MEM applies the check mark in any specific way. I really don't deal with copays in my plan so haven't really explored all the possibilities.
Thank you, from one of the slower member of the
class. I think I'm going to like this software if I
can ever get it figured out.
Not to worry. The slowest member of the class never asks such good questions. :-D And don't worry ... you'll find your own personal groove with MEM. It's a very flexible and adaptable program. It just takes a little time to custom fit your specific needs.
Re: What is the "copay" check box for? Aug 15, 2006 12:45 am
Thanks for the pep talk Wayward. I've been trying to get this all sorted out before I start entering my expenses so I don't have to go back and make corrections on each one later.
I'm only going back to last January at first, but that still means I've got a lot of entries, especially for prescriptions, so I want to be as efficient as possible.
Re: What is the "copay" check box for? Aug 16, 2006 11:41 am
tessgold said:
Thanks for the pep talk Wayward. I've been trying to
get this all sorted out before I start entering my
expenses so I don't have to go back and make
corrections on each one later.
I'm only going back to last January at first, but
that still means I've got a lot of entries,
especially for prescriptions, so I want to be as
efficient as possible.
When entering prescriptions, there is usually a lot of repeating data. Don't forget that you can use the Duplicate function to help move things along.
In the main Expense Log, click Edit and then Duplicate Expense. This will duplicate the line item ... then all you have to do is change the date. It helps a lot with repeating monthly prescriptions.
Re: What is the "copay" check box for? May 22, 2008 04:23 am
My insurance plan does *not* apply copays to my deductible (and I'll bet a lot of them don't). The fact that the copay checkbox doesn't do anything makes the Deductibles/oop max report nearly useless to me, since it automatically applies all copays to the deductible, even though that's not how things work for me.
Are there any plans for an update to make this an option, so I can actually use that report?
