Installment Payments (Rev. 1, 10-01-03)

by  Jared Staheli
June 18th, 2015

Where a beneficiary is purchasing an item through installments, the total price of the equipment item is reported on the first bill. Monthly payments are made (by the DMERC, carrier, FI or RHHI). The monthly amount is equivalent to the rental fee schedule amount and is paid until the fee schedule purchase price or actual charge has been reached, whichever comes first.

References:

Installment Payments (Rev. 1, 10-01-03). (2015, June 18). Find-A-Code Articles. Retrieved from https://www.findacode.com/articles/installment-payments-rev-1-10-01-03-26754.html

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