Chapter 4: Medicare Participating Providers Flashcards
1
Q
Why do Medicare Participating Providers (PARs) sign an agreement to?
A
Accept assignment on all claims submitted to Medicare Part B.
2
Q
By signing they agree to accept what?
A
The Medicare-approved amount for all services provided as payment in full.
3
Q
What % does Medicare pays of the approved amount?
A
80%
4
Q
What % does the beneficiary pays?
A
The remaining 20%
5
Q
Does the Patient also pays the deductible?
A
Yes, if applicable.
