What is an Assignment-of-Claim in Medicare or health insurance?

An Assignment of Claim in either health insurance or any form of Medicare is an insured's claim to a provider or medical supplier to receive payments directly from either Medicare, Hospital or Medical provider. An assignment-of-claim is an agreement in which a healthcare provider, supplier, or facility agrees to accept the Medicare or health insurance payment as full payment for a covered service rather than billing the patient for any remaining balance.

When a healthcare provider, supplier, or facility accepts assignment for a Medicare or health insurance claim, they agree to bill Medicare or the insurance company directly and to accept the payment that Medicare or the insurance company makes as full payment for the covered service. This means that the patient is not responsible for any additional costs beyond the applicable deductible, coinsurance, and copayment amounts.

Accepting assignments can provide several benefits for patients, including but not limited to:

• Lower out-of-pocket costs: Patients who receive services from providers who accept assignments will generally pay less out of pocket, as they are not responsible for any additional costs beyond the applicable deductible, coinsurance, and copayment amounts.
• Greater transparency: Patients who receive services from providers who accept assignments will generally have a clearer understanding of their out-of-pocket costs, as they will not be billed for any additional costs beyond what is covered by Medicare or the insurance company.
• Access to a wider range of providers: Patients who have Medicare or health insurance coverage that allows for the assignment of claims will have access to a wider range of providers, as more providers may be willing to accept assignments and provide services to Medicare or insurance beneficiaries.

Accepting the assignment of claims can be an important consideration for both healthcare providers and patients, as it can help ensure that patients receive the care they need without facing excessive financial burdens or unexpected costs.

MedHelpCenter.us recommends that you call the Senior Health Insurance Agency at 813-592-8568 for further explanation.