Results for: medicare

What is Medicare Allowable?

"Medicare Allowable" charges: Providers who participate with Medicare agree to accept the Medicare allowable charge as full payment. Bear in mind that because Medicare is an 80/20 plan, the patient is still responsible for the 20 percent of the allowable… Full Answer

What is the copay for Medicare?

Medicare has various deductibles and co-insurance depending on what service is provided. In general Medicare is known as the 80/20 plan since apart from deductibles payable by the beneficiary, Medicare generally pays 80% of the Medicare allowable amount and the… Full Answer