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Fee-for-service |
Also found in: Medical, Wikipedia | 0.06 sec. |
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Fee-for-service. When you're covered by fee-for-service health insurance, you pay your medical bills and file a claim for reimbursement from your insurance company. Most fee-for-service plans pay a percentage -- often 70% to 80% -- of the amount they allow for each office visit or medical treatment. You pay the balance of the approved charge plus any amount that exceeds the approved charge. Your share of the approved charge is called coinsurance. If you are enrolled in Original Medicare, which is a fee-for-service plan, your healthcare provider will file the insurance claim on your behalf. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Minimum company, Fee For Service policy amounts: $250,000 for most markets the products of term policies; $100,000 for a number of insurance individual policies. GetWell[TM]: Travelers not enrolled prior to trip departure and finding themselves in need of medical treatment can still receive the needed care using this fee for service InRoomMD program. The product is called SmartValue and is a Private Fee for Service ( |
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