Business / Taxes / Fee-For-Service: When you’re covered by fee-for-service health insurance, you pay your medical bills and file a claim for reimbursement from your insurance company. Most fee-for-service plans pay a percentage — often 70% to 80% — of the amount they allow for each office visit or medical treatment. You pay the balance of the approved charge plus any amount that exceeds the approved charge. Your share of the approved charge is called coinsurance. If you are enrolled in Original Medicare, which is a fee-for-service plan, your healthcare provider will file the insurance claim on your behalf.
Health / Health Insurance / Fee-For-Service (FFS) Payment System: A system in which the insurer will either reimburse the group member or pay the provider directly for each covered medical expense after the expense has been incurred. MORE
Business / Loan / Program-Related Enterprise: A business or enterprise designed to promote the social purpose goals of an organization as well as generate revenue. Among nonprofits, products and services are usually, but not exclusively, identifi MORE