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What does it mean to be 'pre approved' for a loan. Pre approved means that the lender (it could be your bank or credit card company or any other company that you had an account with) already have your details, and provided those details are correct, they will lend you a certain amount.
This is a commonly asked question regarding Medicare and pre-approval for procedures, surgeries, etc. What this means is that you must contact your insurance provider (in this case, Medicare) prior to getting any significant procedure/surgery to discuss it with them and get it pre-authorized. While many under-65 health plans do require this, it is important to understand that Medicare does not mandate pre-approval for procedures or surgeries. On the contrary, with Medicare, you do not have to contact them in advance of any service or procedure.