6
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Introduction
It will be helpful to understand these terms as
you read this booklet:
Coinsurance:Anamountyoumayberequiredtopay
asyourshareofthecostforservicesafteryoupayany
deductibles.Coinsuranceisusuallyapercentage(for
example,20%).
Copayment:Anamountyoumayberequiredtopayas
yourshareofthecostforamedicalserviceorsupply,like
adoctor’svisit,hospitaloutpatientvisit,orprescription
drug.Acopaymentisusuallyasetamount,ratherthana
percentage.Forexample,youmightpay$10or$20fora
doctor’svisitorprescription.
Deductible:Theamountyoumustpayforhealthcare
orprescriptionsbeforeOriginalMedicare,yourMedicare
AdvantagePlan,yourMedicare,oryourotherinsurance
beginstopay.
Durable medical equipment:Certainmedical
equipment,likeawalker,wheelchair,orhospitalbed,
that’sorderedbyyourdoctorforuseinthehome.
Medicare-approved amount:InOriginalMedicare,thisis
theamountadoctororsupplierthatacceptsassignment
canbepaid.Assignmentisanagreementbyyourdoctor,
provider,orsuppliertobepaiddirectlybyMedicare,to
acceptthepaymentamountMedicareapprovesforthe