What are reasonable and customary charges?
The Bankrate.com financial term of the day is: "reasonable and customary charges."
"You want to be paid how much for that medical procedure? Are you crazy?" Those are the sorts of questions you might expect a health plan to hurl at a medical provider in the interest of holding down insurance costs. Except it usually doesn't happen that way. Insurers typically make it clear upfront that they will not pay anything more than reasonable and customary charges. Those are the amounts usually charged for medical treatments or services in your area.
Health insurance companies that are concerned about costs will limit their payments to what are considered the reasonable and customary charges for medical care where you live.
To get an insurance quote, visit the Insurance section at Bankrate.com.
Looking to decrease your auto insurance premium? Top insurance experts share money-saving tips.
When renting, don't assume your personal content and liability are covered by a landlord's insurance.
Shopping for insurance? Follow these tips from top experts in the insurance field.
Get in the habit of reviewing your policies annually -- you could save money by doing so.
Want to save on insurance? Make sure to check on any new discounts your insurer may be offering.
How did consumers respond when asked about job security, savings, net worth, and debt?
Comparison shopping will help you know deals from duds at a dollar store.
Looking to save money? Here are eight easy ways to save $5,000 in one year.
Mortgage rates jumped this week.
New car loan rates fell 1 basis point each.
Bankrate wants to hear from you and encourages thoughtful and constructive comments. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Comments are not reviewed before they are posted. Bankrate reserves the right (but is not obligated) to edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused. We do not permit the inclusion of hyperlinks in comments and may remove any comment that includes a hyperlink.
Get cost-cutting tips for buying, selling and maintaining your wheels. Delivered monthly.
Car loans for consumers with the worst credit, so-called subprime and deep subprime, have fallen to its lowest share of auto loans overall since 2012.
... Read more