Accepting Assignment

This is a term used to describe a physician, provider, or supplier’s agreement to accept the Medicare-approved amount of Accepting assignment money for his or her services as a full payment. They may even be required by law to do so. If the physician, provider or supplier accepts assignment your out-of-pocket costs may be less as they agree to only charge you the Medicare deductible and coinsurance amount.

Since Mary’s doctor had signed an agreement to accept assignment for all Medicare-covered costs, she only had to pay the Medicare deductible and coinsurance amount for her last visit.