Balance

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Account Balance

The amount available in an account. Simply put, the account balance is the net of all credits less all debits. A positive account balance indicates the account holder has funds available to him/her, while a negative balance indicates the holder owes money. Account balances are important in banking because they determine whether or not an account holder has money for living expenses and in margin accounts because they show whether the holder can conduct more margin transactions.

Balance

The amount of the original loan remaining to be paid.

It is equal to the loan amount less the sum of all prior payments of principal.

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References in periodicals archive ?
Notably, balance billing by the provider is still allowed, although the rules on minimum insurer reimbursement may reduce the amounts that providers will balance bill (Andrews 2010).
The out-of-network benefit: problems and policy solutions
As with balance billing, participating provider rates vary by specialty with psychiatrists, anesthesiologists, and general practice physicians having the lowest participation rates among specialty groups (Physician Payment Review Commission, 1993).
Provider opt-out under Medicare private contracting
Balance billing occurs mostly as a result of unscheduled emergency room visits.
California's Physician Groups Applaud Supreme Court's Decision to Declare Balance Billing Practices as "Illegal"
Commissioner Miller heard stories of and testimony from various consumers who have been victims of surprise balance billing.
Insurance Commissioner Holds Public Hearing on Surprise Balance Billing, Hears from Consumers, Industry, and other Stakeholders
In that letter, she said the consumer protection rules were not finalized, and that the editorial failed to mention a mediation process put in place by the Legislature that already protects consumers from excessive balance billing charges.
Senate State Affairs Committee Questions Kitzman
The BBA completed the OBRA 89 beneficiary protection against balance billing by requiring Medicare providers to consider whatever amount they are paid by a State Medicaid program for Medicare cost sharing to be payment in full for any QMBs that they serve.
Evolution of Medicaid Coverage of Medicare Cost Sharing
The California Association of Physician Groups (CAPG) supports a prohibition against balance billing and has been a long time advocate of removing the patient as a pawn in billing disputes between medical providers.
Media Statement on Governor Schwarzenegger's Veto of SB 981 from Bill Barcellona, Vice President for Governmental Affairs, California Association of Physician Groups
The Insurance Department is examining the overall issue of surprise balance billing at a public hearing on October 1 in Harrisburg.
Pennsylvania Insurance Commissioner Continues Consumer Protection Push, Says Consumers Will Not Have to Pay Out-of-Network Costs If Insurer's Provider Directory Is Out of Date
The County is looking to enter into a two (2) year agreement with a professional firm to provide routine billing and unpaid balance billing accounts for Lee County EMS Service on a collected percentage basis.
Lee County Emergency Medical Services Billing
Kitzman also sent out a letter Tuesday - to members of the Legislature - addressing a recent editorial in the Dallas Morning News that was critical of the balance billing rules she proposed.
Deuell Asks Kitzman to Reconsider Consumer Protection Rules
Physicians will have to accept the binding fee as payment in full without balance billing.
Pan American Uni-Care Health insurance plan
Out-of-pocket expenditures for Medicare beneficiary households (of which physicians' charges billed above Medicare maximums, or balance billing amounts, were a major component) were about 17.
Diffusion of Medicare's RBRVS and related physician payment policies

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