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Fee-for-Service

A method of paying for health or medical services. Doctors and hospitals are paid for each individual service they provide to the patient. Bills can be paid in two different ways; paid by the patient who submits the claims to the insurance company or the provider can submit for reimbursement to the patient's insurance carrier.

Hospital Insurance (HI) Trust Fund

Receives funds from Medicare Payroll tax to pay Medicare Part A hospital expenses.