Final answer:
Healthcare providers who accept assignment agree to accept the Medicare-approved amount as full payment, submit claims to Medicare, and not bill patients beyond the deductible and coinsurance.
Step-by-step explanation:
When healthcare providers accept assignments, they agree to three main conditions as part of their participation in the Medicare program: They agree to accept the Medicare-approved amount as full payment for covered services. Providers must submit a claim to Medicare on behalf of the beneficiary for covered services. Not to bill patients for any more than the Medicare deductible and coinsurance. Accepting assignments helps regulate costs for patients and ensures that providers comply with Medicare policies. It also means that patients are typically only responsible for their deductible and coinsurance, not the full cost of the service.
Accepting the Medicare-approved amount: Providers agree to accept the amount approved by Medicare as full payment for their services. Filing Medicare claims: Providers agree to file Medicare claims on behalf of their patients for the services rendered. Abiding by Medicare's rules: Providers agree to follow all the rules and regulations set by Medicare when accepting assignments. By accepting assignments, providers ensure that their patients receive Medicare benefits and are protected from receiving unexpected bills.