Keeping costs down with assignment
Assignment means that your Provider or supplier agrees (or is required by law) to accept the Medicare-approved amount as full payment for covered services.
Make sure your Provider or Supplier accepts Assignment
You should always check to make sure. Participating providers have signed an agreement to accept assignment for all Medicare-covered services.
Here’s what happens if your provider or supplier accepts assignment:
- Your out-of-pocket costs may be less.
- They agree to charge you only the Medicare deductible and coinsurance amount and accepts Medicare’s reimbursement before asking you to pay your share.
- They have to submit your claim directly to Medicare and can’t charge you for submitting the claim.
The retail price on a Rollator is $150.00. You are covered by Medicare. If your provider accepts assignment, Medicare is billed and you are responsible for 20% of what Medicare allows. For this example it would be $30.00. If you have secondary insurance that covers what Medicare doesn’t, it would be no cost to you.