Definition

An amount that has been submitted but not yet processed. It will appear on your bill until fully applied.

What to consider

  • Verify refund details with your bank statement.
  • Keep documentation of overpayments.
  • Follow up if refunds are delayed.

Real world scenarios

  • After overpaying, Jessica received a refund amount credited back to her account.
  • Mark’s Explanation of Benefits included a refund amount for services not rendered.
  • Sarah was issued a refund check for an overcharge on her hospital bill.

Related terms

Healthcare