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Beware Medicare's 'Observation' Status

Observation status can expose Medicare patients to unexpected expenses. As outpatients, their visits aren't covered under Medicare Part A, which pays for hospital charges above a $1,184 deductible. Instead, outpatient services are billed under Medicare Part B, which requires patients to pay 20% of the cost and imposes no cap on their total expenditures.

A "Dunnies" Book on Financial Reporting

Robo Advisors 


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