Medicare-approved amount

Definition of "Medicare-approved amount"
  1. The sum that both Medicare and the patient pay to a doctor or supplier for a service or supply under the Original Medicare Plan, which may be less than the actual charge
How to use "Medicare-approved amount" in a sentence
  1. The MRI's Medicare-approved amount was less than the hospital's usual charge.
  2. The doctor received the Medicare-approved amount for the office visit.
  3. The wheelchair was bought for the Medicare-approved amount.

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