Accept Assignment in Medical Billing
Accepting assignment in medical billing means that a provider agrees to accept the insurance company’s allowed amount as full payment for a service.
Accept Assignment in Medical Billing Explained
When a provider accepts assignment, they agree to accept the insurance company’s payment, which includes the agreed-upon fee and any patient co-pay or coinsurance. The patient is not responsible for the difference between the billed amount and the allowed amount.
For example, a doctor who accepts assignment for a Medicare patient will accept Medicare’s approved amount for the service and bill the patient only for the remaining co-insurance.
Discover common acronyms and abbreviations in Medical billing glossary.
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