What Does Medicare Cost Mean?

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What does Medicare Cost mean? Read on to discover the definition & meaning of the term Medicare Cost - to help you better understand the language used in insurance policies.

Medicare Cost

Medicare Cost

contract with Center for Medicare and Medicaid Services (CMS) for Medicare coverage. These contracts with CMS provide reimbursement through pre-determined monthly amount per member based on a total estimated budget. The beneficiary may use providers outside the provider network. Does not include stand alone Medicare Part D Plans.

We hope the you have a better understanding of the meaning of Medicare Cost.

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