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.
Charge Noun Synonyms: load, burden, weight, onus, impediment, care, concern, obligation
Charge Verb Synonyms: fill, imbue, load, instil, pervade, permeate, saturate, suffuse
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
Business / Real Estate / Maintenance Charges: Monthly or annual charges assessed in a condominium, planned united development, or cooperative development to cover operational costs. MORE