Approved Charge

Business / Taxes / Approved Charge: With traditional fee-for-service health insurance, the insurance company sets an approved or allowable amount for each medical procedure or office visit. If your bill exceeds the approved charge, the difference between the approved charge and the claim that's submitted to the insurance company for reimbursement is considered an excess charge. You are responsible for that amount in addition to a percentage of the approved charge. Medicare establishes approved charges for medical procedures and office visits. If you participate in Original Medicare, there's a legal limit on what a doctor, laboratory, or other medical provider can charge in excess of the approved amount.

Other Words for Charge

Charge Noun Synonyms: load, burden, weight, onus, impediment, care, concern, obligation
Charge Verb Synonyms: fill, imbue, load, instil, pervade, permeate, saturate, suffuse
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Mileage Charge

Life Style / Travel / Mileage Charge: A additional fee charged for each mile of a rental car driven beyond the limited mileage allowance at the time of the rental. MORE

Maintenance Charges

Business / Real Estate / Maintenance Charges: Monthly or annual charges assessed in a condominium, planned united development, or cooperative development to cover operational costs. MORE

Minimum Finance Charge

Business / Taxes / Minimum Finance Charge: A minimum finance charge is a fee collected by a credit card issuer each billing period. It applies when the actual finance charge you owe isn’t equal to or larger than this minimum. For example, if MORE

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