Late Payment Fee (Healthcare) - Definition, Examples, Advice | Bolder Money

Acupuncture Visit Benefit Acupuncture Visit Benefit

Adjustment Adjustment

Adjustment Code Adjustment Code

Admission Fee Admission Fee

Adoption Medical Assistance Adoption Medical Assistance

Air Ambulance Membership Air Ambulance Membership

Allowed Amount Allowed Amount

Ambulatory Service Fee Ambulatory Service Fee

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Appeal Process Appeal Process

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Balance Carried Forward Balance Carried Forward

Balance Due Balance Due

Balance Forward Balance Forward

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Billing Department Billing Department

Billing Department Contact Billing Department Contact

Billing Statement Billing Statement

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CPT Code CPT Code

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Charge Capture Charge Capture

Charge Date Charge Date

Charge Description Charge Description

Charity Care Indicator Charity Care Indicator

Chiropractic Visit Benefit Chiropractic Visit Benefit

Chronic Condition Support Chronic Condition Support

Chronic Disease Management Plan Chronic Disease Management Plan

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Claim Submission Date Claim Submission Date

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Consultation Fee Consultation Fee

Contracted Rate Contracted Rate

Coordination of Benefits Coordination of Benefits

Copay Reminder Copay Reminder

Counseling Session Allowance Counseling Session Allowance

Current Balance Current Balance

Current Charges Current Charges

Date of Service Date of Service

Denial Reason Denial Reason

Diagnosis Code Diagnosis Code

Discounted Charge Discounted Charge

Durable Medical Equipment Benefit Durable Medical Equipment Benefit

Emergency Room Fee Emergency Room Fee

Emergency Transportation Fund Emergency Transportation Fund

Employee Wellness Stipend Employee Wellness Stipend

Employer-Sponsored Healthcare Plan Employer-Sponsored Healthcare Plan

Explanation of Benefits Explanation of Benefits

Eye Surgery Cost Plan Eye Surgery Cost Plan

Facility Fee Facility Fee

Final Balance Final Balance

Financial Assistance Note Financial Assistance Note

Financial Summary Financial Summary

Flexible Spending Account (FSA)Flexible Spending Account (FSA)

Generic Medication Option Generic Medication Option

Health Savings Account (HSA)Health Savings Account (HSA)

Hearing Aid Upgrade Benefit Hearing Aid Upgrade Benefit

Hearing Services Benefit Hearing Services Benefit

Home Infusion Therapy Benefit Home Infusion Therapy Benefit

Hospital Bill Negotiation Service Hospital Bill Negotiation Service

Hospital Day Pass Hospital Day Pass

Hospital Financial Counselor Hospital Financial Counselor

Hospital Payment Plan Hospital Payment Plan

Hospital Room Upgrade Fee Hospital Room Upgrade Fee

ICD Code ICD Code

Imaging Fee Imaging Fee

Infertility Treatment Option Infertility Treatment Option

Inpatient Service Fee Inpatient Service Fee

Insurance Coverage Insurance Coverage

Insurance ID Insurance ID

Insurance Payment Insurance Payment

Itemized Bill Itemized Bill

Itemized Charges Itemized Charges

Lab Charge Lab Charge

Lab Test Discount Lab Test Discount

Late Fee Notice Late Fee Notice

Late Payment Fee Late Payment Fee

Lifestyle Change Incentive Lifestyle Change Incentive

Lifestyle Management Program Lifestyle Management Program

Low-Income Clinic Support Low-Income Clinic Support

Maternity Nurse Hotline Maternity Nurse Hotline

Medical Bill Installments Medical Bill Installments

Medical Bill Settlement Option Medical Bill Settlement Option

Medical Cost-Sharing Group Medical Cost-Sharing Group

Medical Invoice Advocate Medical Invoice Advocate

Medical Record Number Medical Record Number

Medical Tourism Policy Medical Tourism Policy

Medication Charge Medication Charge

Mental Health Crisis Fund Mental Health Crisis Fund

Mental Health Hotline Mental Health Hotline

Mental Wellness Day Benefit Mental Wellness Day Benefit

Negotiated Rate Negotiated Rate

Neonatal Intensive Care Benefit Neonatal Intensive Care Benefit

Newborn Care Benefits Newborn Care Benefits

Non-Contracted Rate Non-Contracted Rate

Non-Covered Charges Non-Covered Charges

Product 1:1 Coaching Our Coaches Our Story

Product 1:1 Coaching Our Coaches Our Story

Definition

A charge added if you miss your payment due date. It appears on your bill as an extra cost for late payment.

What to consider

Act quickly to settle overdue amounts.
Understand the consequences of non-payment.
Contact your provider if you need to arrange a payment plan.

Real world scenarios

After a missed payment, David received a past due notice via email detailing the overdue amount.
Linda got a formal past due notice from her billing department warning of potential service interruptions.
John’s past due notice prompted him to call his provider to arrange a payment plan.

Related terms

Healthcare

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