by Medical Billing | Dec 3, 2015 | Medicare payment basics
The Centers for Medicare & Medicaid Services (CMS) issued the 2016 deductibles, coinsurance, and premium rates for beneficiaries covered through the Medicare fee for service program. The 2016 deductible, coinsurance and base premium rates are: 2016 Part A –...
by Medical Billing | Nov 17, 2014 | Medicare payment basics
This is the most sighted question from provider. A: When assignment is accepted, Medicare Part B recommends: • Since it is difficult to predict when deductible/coinsurance amounts will be applicable – and over-collection is considered program abuse – do...
by Medical Billing | Oct 14, 2013 | Medicare payment basics
Yes, we could collect the payment but it has to be refunded promptly if you are collecting excess payment or collected incorrectly. See the below what says in Medicare contract. Yes its a good practice too improve patient payment collection. Provider Refunds to...
by Medical Billing | Jun 19, 2012 | Medicare payment basics
Deductible FAQs Q. How is the Medicare Part B annual deductible applied to payment? A. For each calendar year, a certain cash deductible exists that must be met before payment may be made by Medicare. • The deductible for 2012, and until further notice, is $140.00....
by Lori | Mar 12, 2011 | Medicare payment basics
2012 Medicare Prescription Drug Plan (part D) Premium Cost Part D Monthly Premium The chart below shows your estimated prescription drug plan monthly premium based on your income. If your income is above a certain limit, you will pay an income-related monthly...