Glossary of Medicare Terms
Your new coverage will begin January 1. APPROVED AMOUNT- The fee that Medicare sets as its rate for a medical service. If you are in the Original Medicare Plan, it can save you money if your doctor accepts assignment. You still pay your share of the cost of the doctor’s visit. BENEFICIARY- A person who has health care insurance through the Medicare or Medicaid program. You must pay the inpatient hospital deductible for each benefit period....