Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Fill out the information below and determine the amount owed by the patient after deductible has been met in the following situations. Provide the calculations

Fill out the information below and determine the amount owed by the patient after deductible has been met in the following situations. Provide the calculations used to determine your answers:

A. Participating physicians standard fee: $300.00

Allowed amount $200.00

Medicare pays 80%

Patient or supplemental plan pays 20%:

Provider adjustment (write-off):

B. Nonpar physicians standard fee (accepts assignment): $250.00

MFS: $200

Medicare nonpar fee:

Medicare pays 80%:

Patient or supplemental plan pays 20%:

Provider adjustment (write-off):

C. Nonpar physicians standard fee (does not accept assignment): $250.00

MFS: $200

Medicare nonpar fee:

Limiting charge :

Patient billed:

Medicare pays patient:

Total provider can collect:

Patient out-of-pocket expense:

Provider adjustment (write-off):

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

The Internal Auditing Pocket Guide Preparing Performing Reporting And Follow Up

Authors: J.P. Russell

2nd Edition

1636941303, 978-1636941301

More Books

Students also viewed these Accounting questions

Question

discuss ethical issues in marketing (including digital marketing)

Answered: 1 week ago