This post is about:
Quicken Medical Expense Manager V2 2008
Several of my doctors bill the insurance company their usual fee, but Medicare only "allows" a certain amount. I know I am not responsible for the difference, but where do I enter the billed amount and the allowed amount to keep my records straight.
This post is about: Quicken Medical Expense Manager V2 2008
I'm new to this too, but feel that the info is entered on the "Expense Detail Sheet"
Enter Amount Billed, then under "Amount Allowed" enter the Medicare Number, Under "Insurance Payments" enter what Medicare Paid, and that leaves the Remainder under "My Responsibility"
If you have secondary insurance, which might pick up all or some of the 20% Medicare co-pay, this could be treated as a separate entry, with the amount billed being the "Your Responsibility" number and you go from there.
I bought this program a few days ago, primarily due to the frustration of trying to figure out how all these companies, including Medicare, bill on different schedules, all keep their books differently, no one seems to track expenses as separate items but do it on a rolling bill system, so we clients have major problems keeping track of the expenses.
I think it's a collusion so that we'll pay without knowing what we're doing.
