See: charge description master (CDM).
Insurance Encyclopedia
Charge reduction
In the Medicare program, the percentage difference between a provider’s billed fee and the Medicare allowed charge.
Charge slip
See: multipurpose billing form.
Charge-based reimbursement
Method of compensation in which institutional providers are paid for the actual incurred costs of covered medical services plus payment for bad debts, cost of charity cases, and a profit.
Chargeable (Vehicle Insurance)
Term for vehicle accidents that are found to be the fault of the insured and are attributed to the insured’s driving record.
Chargeable events
Occur when certain payments are made from packaged life and investment products, e.g. certain life policy payments, bond withdrawals. They may or may not give rise to a tax charge but if they do, any resultant tax liability falls within normal income tax rules.
Chargeable gains
The gains made on a chargeable event, i.e. the excess of returns over investment from certain package products. The gains are chargeable to higher rate income tax but not the basic rate or capital gains tax (see top slicing).
Chargeable Kilo
Rate of goods where volume exceeds six cubic meters to the ton.
Charged
A building heavily filled with smoke and gases and in danger of becoming seriously involved in a fire, or having a back draft calling for a quick action and effective ventilation in conjunction with proper placement of hose lines.
Charges
1. Dollar amount a hospital bills an outlier case based on the itemized bill. 2. Dollar amount assigned for a medical service and billed by a health care provider to the patient’s financial account statement. 3. In Medicare fraud, unbundling or exploded charges (e.g., to bill a multichannel set of laboratory tests to appear as if the individual tests had been performed).