insurance

What are reasonable and customary charges?

 

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.

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
 

A little research could save you BIG on interest.

Don't have time? Our rate-tracker tool saves you time and money. Delivered Thursdays.
 
advertisement
Partner Center
advertisement

Blog

Tara Baukus Mello

Win the ultimate road trip to space

The Galactic Discovery competition will send a team of four aspiring adventurers into space, thanks to Land Rover cars.  ... Read more


Connect with us