I received a bill for a stitches removal appointment (in the ER). It is a chart that says:
SERVICES | CHARGES | *
11/15/15 Emrgncy Room | 323.00 | -----
11/27/15 HMSA Adjustment | ------ | 666.00
12/03/15 HMSA Payment | ------ | -924.40
Totals | 323.00 | 258.40
PLEASE PAY THIS AMOUNT | 64.60
(* this column says PAYMENTS & ADJUSTMENTS)
I can't figure out what this means and how the numbers add up. What is the $924? And the $666?
Answer
You may want to call your medical insurance company HMSA for clarification about your bill. The billing amounts don't total properly, maybe because the actual bill formatting is lost or their may be an error in your copying from the bill to above.
What is Happening
Their is more than one billing rate for any medical activity. There is the private billing rate which is used for someone without any insurance. Then there are the negotiated billing rates with the insurance companies, medicare, and medicaid which the medical community accepts, possibly in return for getting the volume of patients covered by the insurance.
Charges are the amount that the hospital bills for a service. Payments are the amount that the hospital has received in payment for those services- either from the patient, or the patient's insurance company. Adjustments are changes to the charges- usually as a result of an agreement that the hospital would have with an insurance company,
a day sheet.
No. As long as you can make the payments for all the fees and hospital charges, they cannot refuse treatment.
Private services generally charge more than the hospital services.
How do you find out the charges for the services offered at a hospital
If you fall behind on payments you may often receive late charges.
There is no potential difference between identical charges
what are the 3 types of charges
hadouken
The difference between the positive charges (protons) and the negative charges (electrons).
The creditor total payments will differ from the price of the sale unless you have a 0% interest loan. The interest armoritized in the amount of the total of payments. Some companys have simple interest loans, meaning that the interest is accumulated on a daily basis, rather than being financed for the full term of the loan. When payments are made in a timely manner or earlier, you will save alot on interest charges.
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