When a Provider Does Not Accept Assignment from Medicare, the Most

question 43

Multiple Choice

When a provider does not accept assignment from Medicare, the most that can be charged to the patient is ___ of the Medicare-approved amount.

• A) 85%
• B) 100%
• C) 115%
• D) 150%

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Definitions:

Unit Cost

The cost incurred to produce, store, and sell one unit of a product or service.

Unit Price

The cost assigned to a single unit of a product or service.

Journal Entries

Records of financial transactions in a company’s accounting system, providing a chronological record.

Periodic Inventory System

An inventory system that updates inventory balance after a certain period, typically incorporating physical counts to determine cost of goods sold.