DCSIMG
For Employees Nav Spacer For Providers
click to access MyChart!
EDWARD Hospital and Health Services
find more on edward.org
Pay your bill
Resources


Billing Term Glossary

PrintEmail
Share

Approved Amount - The amount of the charge that a payer will consider in calculating benefits. (Under Medicare, also called "Medicare Allowable Charge")


Co-insurance - The percent of the approved charge that you have to pay after you pay your plan's deductible.


Co-payment - A type of cost sharing whereby the insured person pays a specified flat amount per unit of service or unit of time (e.g., $10 per visit, $25 per inpatient hospital day), with the insurer paying the balance.


Deductible - The amount you must pay before your carrier begins to pay each benefit period or each benefit year.


Managed Care Plans - Managed care plans involve a group of doctors and hospitals who have agreed to provide care to beneficiaries in exchange for a fixed amount of money every month.


Medical Savings Account - A health plan option made up of two parts. One part is a HealthCare Insurance Policy with a high deductible. The other part is a special savings account, called a Health Savings Account (HAS) or Medical Savings Account (MSA).


Original Medicare Plan - The traditional pay-per-visit arrangement that covers Part A and Part B services.


Private Fee-for-Service Plan - A private insurance plan that accepts members.


Referral - Authorization from your primary care doctor to see a certain specialist or receive certain services.


Medicare Supplemental Insurance Policy - Many private insurance companies sell Medicare Supplemental Insurance policies that pay for additional noncovered services.


Urgent Care - Unexpected illness or injury that needs immediate medical attention, but is not life threatening.

 




 

(630) 527-3000

Follow Us

Facebook twitter Google Plus YouTube Pinterest Instagram LinkedIn




 

Donate Today


Receive our HealthAware eNewsletter, designed to start a conversation about you and your family's health.


Sign Up

Edward Hospital & Health Services
801 S. Washington, Naperville, IL 60540 • (630) 527-3000

Naperville • Plainfield • Bolingbrook • Oswego • Woodridge
Site Map Nav Spacer Privacy Practices Nav Spacer Terms of Use
© 2014 Edward Hospital & Health Services