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TeachMeFinance.com - explain Coverage Basis Coverage Basis The term 'Coverage Basis ' as it applies to the area of Medicare in the United States can be defined as ' The M+C Plan charge schedule used to base the maximum dollar coverage or coinsurance level for a service category (e.g., a $500 annual coverage limit for a prescription drug benefit may be based on a Published Retailed Price schedule, or 20% coinsurance for DME benefit may be based on a Medicare FFS fee schedule)'. Previous 5 Terms: Couplet cove Cover crop Cover crop Coverage Analysis For Laboratories (Cals) Next 5 Terms: Coverage Issues Manual (Cim) Covered Benefit Covered Charges Covered Earnings Covered Entity About the author 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". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.