Hack Your Wealth

CPT codes & ICD 10 codes: How medical billing & insurance claims work


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#20: I recently went through a medical billing hassle that was such a PITA that I decided to do a special podcast episode about it because it has such direct impact on saving money on healthcare.

So in episode 20 this week, I talk about how medical billing and health insurance claims work.

Using my own experience as an example, I share tips on how to be vigilant about health insurance so you save yourself from unpleasant surprise costs.

What you’ll learn in this episode:

  • Why it is so difficult to get transparent healthcare price information in the US
  • How medical billing works and why it can lead to some very big unpleasant surprise costs
  • What CPT codes and ICD 10 codes are, and exactly how they are used to determine how much you vs. insurance pays
  • A 5-step checklist of actions to take so you never get stuck with surprise medical costs

Links mentioned in this episode:

  • Health savings account rules
  • HYW private Facebook community

Intro/Outro: Old Bossa by Twin Musicom.

...more
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Hack Your WealthBy Andrew Chen

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