Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Calculate the following amounts for a PAR who bills Medicare: Submitted charge (based on provider's regular fee for office visit)is $75 Medicare physician fee

1. Calculate the following amounts for a PAR who bills Medicare:

Submitted charge (based on provider's regular fee for office visit)is $75

Medicare physician fee schedule (PFS) is $60

Coinsurance amount (paid by patient or supplemental insurance) is $12

Medicare payment (80% of the allowed amount is? ______

Medicare write-off (not to be paid by Medicare or the beneficiary? ____

2. Calculate the following amounts for a nonPar who bills Medicare:

Submitted charge (based on provider's regular fee) is $650

NonPAR Medicare physician fee schedule allow payment is $450

Limiting charge (115% of MPFS allowed amount) is?______

Medicare payment (80% of the MPFS allowed amount) is? ____

Beneficiary is billed the balance of the limiting charge $149.63

The Medicare write-off (not to be paid by Medicare of the beneficiary) is?____

2. Discuss how you determined your answers.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting with International Financial Reporting Standards

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

4th edition

1119504309, 1-119-50340-8, 9781119503408 , 978-1119504306

More Books

Students also viewed these Accounting questions

Question

When should you avoid using exhaust brake select all that apply

Answered: 1 week ago

Question

Speak clearly and distinctly with moderate energy

Answered: 1 week ago

Question

Get married, do not wait for me

Answered: 1 week ago

Question

Do not pay him, wait until I come

Answered: 1 week ago