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Medical Handbook page 62-1 Share of Cost 62. Share of Cost 62.1 Share of Cost (SOC) Overview 62.1.1 Definition 50653 A share of cost (SOC) is the amount of the family s net countable income which

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What is 62 share of cost?

62 share of cost refers to the portion of medical expenses that an individual must pay out of pocket before their insurance coverage kicks in.

Who is required to file 62 share of cost?

Individuals who have insurance coverage with a share of cost provision are required to file the 62 share of cost.

How to fill out 62 share of cost?

To fill out the 62 share of cost, individuals must accurately document and report each medical expense incurred until the share of cost is met.

What is the purpose of 62 share of cost?

The purpose of the 62 share of cost is to ensure that individuals have some financial responsibility for their medical expenses before insurance coverage is utilized.

What information must be reported on 62 share of cost?

Individuals must report all qualifying medical expenses that contribute towards meeting their share of cost requirement.

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