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.

References in periodicals archive ?
Regardless, the issue of balance billing is mostly fabricated by the large PPO organizations and brokers who are still allied with them financially.
Finally, the researchers examine the impact of an innovative 2014 New York state law, which banned the practice of balance billing and required insurers and physicians to use binding arbitration to settle disputed bills.
The cover story for the June 2016 CAP Today was titled "Clampdowns on Out-of-Network Billing Climb," (14) and yet many pathologists have little or no understanding of balance billing.
prohibits balance billing, plans and issuers are not required to satisfy
King predicted that physicians will continue to move out of the program, creating patient access issues, unless Congress gives them a way to recoup their costs, such as through the practice of balance billing.
At least as it pertains to insurance-subsidized patients, the prospect of balance billing for the full amount of the doctor's charge is a valuable, yet overlooked way of infusing much needed cash and professional pride back into the doctor's practice.
Since the Medicare rate is often lower than the UCR, this practice, in effect, increases balance billing for the consumer (Appleby 2012; Kahn and Parke 2012; Mathews 2011; New York State Department of Financial Services 2012).
From a public policy point of view, allowing balance billing raises serious concerns about the ability of patients, particularly cognitively impaired patients, to shop adequately for care.
This legislation outlaws balance billing a Medicare beneficiary.
General information includes information on covered benefits, cost sharing, and balance billing liability under the original fee-for-service program; election procedures; grievance and appeals rights; and information on Medigap insurance and Medicare SELECT.
In addition, some states have enacted laws that prohibit physicians from balance billing their patients.
They believe the authorizing legislation was never intended to apply to healthcare providers who merely accept deferred payment from patients pending insurance claims and balance billing.