Finance Quick Answers
What does the term "reasonable and customary" mean in relation to health insurance?
Some policies specify that they will pay a certain
percentage (e.g. 80%) of "reasonable and customary"
charges. That means that they will look at what is
reasonable and customary for doctors in your area and
base your reimbursement on that amount. Many doctors
will forgive the excess, but you may have to ask.
Brenda Procter, M.S., Consumer and Family Economics, College of Human Environmental Sciences, University of Missouri-Columbia
If you'd like to learn more about this and other personal finance topics, the University of Missouri offers 'Personal & Family Finance,' a correspondence course, through the Center for Distance and Independent Study (800-609-3727). Information about this course is available at http://cdis.missouri.edu/CourseInfo/DetailCourseInfo.asp?1985.
Can't Find Your Question Here? Try Searching Our Quick Answer Knowledge Base
Last update: Monday, July 21, 2008
 |
Site Administrator: |
|
|
|
