Definition of Limiting Charge

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TeachMeFinance.com - explain Limiting Charge



Limiting Charge

The term 'Limiting Charge ' as it applies to the area of Medicare in the United States can be defined as ' In the Original Medicare Plan, the highest amount of money you can be charged for a covered service by doctors and other health care suppliers who don't accept assignment. The limiting charge is 15% over Medicare's approved amount. The limiting charge only applies to certain services and doesn't apply to supplies or equipment'.

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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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