Definition of Balance Billing

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TeachMeFinance.com - explain Balance Billing



Balance Billing

The term 'Balance Billing ' as it applies to the area of Medicare in the United States can be defined as ' A situation in which Private Fee-for-Service Plan providers (doctors or hospitals) can charge and bill you 15% more than the plan's payment amount for services'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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