First off, let’s define what Medicare assignment is and the impact it can have on your out-of-pocket costs. One of the most significant potential gaps in Original Medicare is healthcare providers’ ability to bill you for something called excess charges if they don’t accept Medicare Assignment. They may still accept you as a Medicare patient, but they are allowed to bill you for excess charges by not accepting Medicare Assignment. Medicare “Excess Charges” are related to Medicare Part B services. If you are on Medicare and go to a doctor who does not accept Medicare assignment (accept full payment by Medicare), they are allowed to bill you up to 15% above and beyond what Medicare approves for a specific procedure/doctor office visit.
So how do you know if your doctor accepts Medicare assignment? It is simple, ask them or their office staff.