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Definitions (56)
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ADVANCE BENEFICIARY NOTICE
A form signed by patients that lets them know that certain tests or services planned by the doctor may not be covered by Medicare. The ABN also informs patients they may be responsible for paying thes [..]
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APPROVED AMOUNT
The payment a participating provider agrees to accept for a service. The approved amount is decided by insurance company fee schedules, Current Procedural Terminology (CPT®) coding standards, and gene [..]
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Assignment of benefits
This term means that the facility or the physician agrees to accept payment from an insurance company first and bill the patient for any after-insurance amounts due. Patients "assign" the ri [..]
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benefit
The term "benefit" is used for the medical services that are paid for under a patient's insurance plan.
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birthday rule
Used to decide the primary and secondary insurance coverage for dependent children's medical charges. The word "birthday" refers only to the month and day in a calendar year, not the ye [..]
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claim
Refers to the form submitted to the insurance company for payment of benefits.
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Claims Review
A method used by insurance companies to review bills for a patient's health care services before payment is made. The purpose of claims review is to make sure the service provided was medically n [..]
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claims review
A method used by insurance companies to review bills for a patient's health care services before payment is made. The purpose of claims review is to make sure the service provided was medically n [..]
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COINSURANCE
An arrangement where patients and their insurance company share payment of a health care service. Coinsurance takes effect after the deductible amount has been paid. The coinsurance usually is a perce [..]
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