Claiming Depreciation. You can reap the tax benefits of depreciation by filing IRS Form 4562. This form helps you calculate how much of a depreciation deduction you can take each year for a given improvement or renovation. However, if the IRS deems your project to be a repair rather than an improvement, you can generally claim these expenses in the first year using Schedule E.
In Denver a Hip MRI with contrast agent at Rose Medical Center Outpatient Imaging was billed at $4645. A PPO plan wrote off $1997, and paid $1718.12, leaving the patient to pay $929.53. Therefore the net cost of the procedure was $2647.65. The cash price at a specialty imaging location is substantially less - as little as $650 with contrast.
MRI scans of the lower back (aka the Lumbar Spine) range in price from $700-$3000 depending on where you get the scan done. Outpatient centers are relatively inexpensive versus their hospital counterparts. If the scan requires contrast (aka dye) the scan can cost an additional $100-$500. You can look up MRI scan costs and buy your doctor ordered MRI scan at www.remakehealth.com. MRI scans of the lower back (aka the Lumbar Spine) range in price from $700-$3000 depending on where you get the scan done.