Definition

The remaining amount you owe after all payments and adjustments are applied. This figure appears at the bottom of your billing statement.

What to consider

  • Know your deductible and co-pay amounts.
  • Verify that insurance payments are applied correctly.
  • Keep track of expenses that count toward future deductibles.

Real world scenarios

  • Following a surgical procedure, Mark’s bill detailed his patient responsibility after insurance payments.
  • Alice reviewed her statement to see her portion of the cost for a lab test, which was marked as patient responsibility.
  • During a consultation, John noted that his co-pay and deductibles formed his total patient responsibility.

Related terms

Healthcare