Definition of Private Fee-For-Service Plan

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TeachMeFinance.com - explain Private Fee-For-Service Plan



Private Fee-For-Service Plan

The term 'Private Fee-For-Service Plan ' as it applies to the area of Medicare in the United States can be defined as ' A type of Medicare Advantage Plan in which you may go to any Medicare-approved doctor or hospital that accepts the plan's payment. The insurance plan, rather than the Medicare program, decides how much it will pay and what you pay for the services you get. You may pay more or less for Medicare-covered benefits. You may have extra benefits the Original Medicare Plan doesn't cover'.

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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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