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.
This is the payment amount that Medicare and you pay to a doctor or supplier for a service or supply. It may be less than the actual amount charged by a doctor or supplier.
The amount, in the Original Medicare program, that a doctor or other health care provider is paid for a health care service including the deductible, coinsurance, and co-payment amounts that a beneficiary pays. The Medicare approved amount is the total that Medicare considers a reasonable amount for a health care service.
Also called "Medicare-approved charge." This is the amount Medicare will pay for certain medical services or equipment. Generally you are responsible for paying 20% of the Medicare-approved amount.
The amount Medicare determines to be reasonable for a service that is covered under Part B of Medicare. It may be less than the actual charge.
In the Original Medicare Plan, this is the amount a doctor or supplier can be paid, including what Medicare pays and any deductible, coinsurance, or copayment that you pay.
The maximum amount that a doctor or supplier can be paid by Medicare, including any amount that you pay.