What is "assignment" in the Original Medicare Plan and why is it essential?:QuickMedicareSupplement.com

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What is "assignment" in the Original Medicare Plan and why is it essential?

What is "assignment" in the Original Medicare Plan and why is it essential?

Assignment is an agreement among Medicare and doctors, other health care providers, and suppliers of health care equipment and supplies (like wheelchairs, oxygen, braces, and ostomy supplies). Doctors and suppliers who agree to accept task, accept the Medicare-approved amount as payment in full for Part B services and supplies. You give the coinsurance and deductible amounts. In a number of cases (like if you have both Medicare and Medicaid), your health care providers and suppliers must accept assignment. If assignment is not accepted, charges are habitually higher. This means you may possibly pay more. In addition, you may have to pay the total charge at the time of service. Medicare will then send you its share of the charge. There is a limit on the amount your doctors and providers can bill you. The maximum amount of money you can be charged for a covered service by doctors and other health care providers who donít accept assignment is called the limiting charge. The limit is 15% in excess of Medicareís approved amount.

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