Assignment

Medicare Assignment CalculationThe Medicare-approved amount that doctors, suppliers and other health care providers agree to pay (or are required by law to pay) for covered services is called assignment. If a doctor agrees to accept what Medicare will pay as payment for the bill, he or she has accepted assignment and will only charge you the Medicare deductible and coinsurance amount which means your out-of-pocket costs may be less.

 

Even though the medical center would normally charge more for the lab work, it accepted assignment for the services and required only the Medicare deductible amount to be paid by the patient.