MEDICARE-APPROVED AMOUNT

What is MEDICARE-APPROVED AMOUNT?

MEDICARE-APPROVED AMOUNT meaning In the Original Medicare Plan, this is the Medicare payment amount for an item or service. This is the amount a doctor or supplier is paid by Medicare and you for a service or supply. It may be less than the actual amount charged by a doctor or supplier. The approved amount is sometimes called the ?Approved Charge.?

 

reference: Centers for Medicare & Medicaid Services

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