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Acu8
Level 1

Medical insurance and deductibles

I have a small healthcare practice for which I take insurance. The deductible is an issue in some policies because the patient will pay against the deductible and then the EOB (Explanation Of Benefits) will differ, sometimes less than the amount the patient paid, sometimes more. Is there a way to enter this so that QuickBooks calculates this over or underpayment for me?

1 Comment 1
Rea_M
Moderator

Medical insurance and deductibles

Yes, there's a way you can enter deductibles, @Acu8.

 

Let's set up an item(s) and manually add them as a line on your invoices to help you calculate your patients' deductibles in QuickBooks Desktop (QBDT) and manage your transactions accordingly.

 

Items help you to effectively handle charges, discounts (for example, insurance deductibles), and sales taxes (if applicable). To create one, here's how:

 

  1. Go to Lists, then select Item List.
  2. Select Item and then New.
  3. Choose the type of item you want to create (for example, Service, Discount, or Payment).
  4. Fill out the item fields.
  5. Use Custom Fields to add your own customized fields.
  6. Select OK82.PNG

 

Once you're done, go ahead and add the item(s) on your patients' invoices to calculate their deductibles. 

 

If you wish to know more about managing items in QBDT and to answer the most commonly asked questions about them, you can refer to this article: Add, edit, and delete items.

 

Also, you may want to check out one of our Help pages as your reference to guide you in managing your business growth and transactions using QBO: QuickBooks Learn and Support . It includes help articles, Community discussions with other users, and video tutorials, to name a few.

 

Please feel free to leave a comment below if you have other concerns about setting up deductibles in QBDT. I'm always ready to help. Take care, and I wish you continued success, @Acu8.

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