Definition

A marker on your bill showing that you qualify for free or reduced-cost care. It explains any adjustments made based on your situation.

What to consider

  • Verify the contracted rate is applied correctly.
  • Understand how rates are negotiated.
  • Review any discrepancies with your insurer.

Real world scenarios

  • A billing statement detailed a contracted rate agreed upon between the provider and insurer.
  • John noticed his doctor’s fee was lower due to a pre-negotiated contracted rate.
  • Linda compared the contracted rate on her bill with standard charges.

Related terms

Healthcare