Test your basic knowledge |

Health Insurance

Subject : industries
Instructions:
  • Answer 50 questions in 15 minutes.
  • If you are not ready to take this test, you can study here.
  • Match each statement with the correct term.
  • Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. Associated with how an insurance plan is billed-the insurance plan responsible for paying healthcare insurance claims first is considered primary.






2. Submitting multiple CPT codes when one code could of been submitted.






3. The provider receives reimbursement directly from the payer.






4. Theperson eligible to receive healthcare benefits.






5. Legal action to recover a debt; usually a last resort for a medical practice.






6. Advances through various aging periods( 30 -60 -90 -120) with practices typically focusing internal recovery efforts on older delinquent accounts.






7. Health plans - healthcare clearinghouses - government health plans - and any health providers that choose to submit or receive transactions electronically.






8. Provision in group health insurance policies that prevents multiple insurers from paying benefits covered by other policies: also specifies that coverage will be provided in a specified sequence when more than one policy covers the claim.






9. Contract out






10. Does not contract with the insurance plan; patient who elects to recieve care from nonPARS will incur higher out-of-pocket expenses.






11. Any procedure or service reported on a claim that is not included on the payers master benefit list - resulting in denial of the claim; also called noncovered procedure or uncoverd benefit.






12. The landmark legislation because it launched truth in lending disclosures that reguired creditors to communicate the cost of borrrowing money in a common language so that consumers could figure out the charges - compare cost - and shop for the best c






13. Specifies what a collection source may or may not do when pursuing payment on past due accounts.






14. Prohibits discrimination on the basis of race - color - religion - national origin - sex - martial status - age - reciept of public assistance - or good faith exercise of any rights under the Cunsumer Credit protection ACT.






15. Assigning lower-level codes then documented in the record.






16. Remittance advice submitted by Medicare to providers that includes payment information about a claim.






17. Also called manual daily accounts receivable journal; cronological summary of all transactions posted to individual patient legers/accounts on a specific day.






18. Submitted to the payer - but processing is not complete






19. The amount owed to a business for services or goods provided






20. The maximum amount a payer will reimburse for each procedure or service - according to the patient's policy.






21. Protects information collected by consumers reporting agencies such as credit bureaus - medical information companies and tenant screening services; organizations that provide information to consumer reporting agencies also have specific legal obliga






22. Amended the Truth in Lending Act - requiring credit and charge card issuers to provide certain disclosures in direct mail - telephone - and any other application and solicitations for open-end credit and charge accounts and under other circumstances;






23. Term used for the encounter form in the physicians's office.






24. Clearinghouses that involves value-added vedors - such as banks - in the processing of claims; using a VAN is more efficient and less expensive for providers than managing their own systems to send and receive transactions directly from nummerous ent






25. Establishes the rights. liabilites - and rsponsibilities of participants in electronic funds transfer systems.






26. Assists providers in the collection of appropriate reimbursement for services rendered; includes functions such as insurance verfication/eligibility and preauthorization of services






27. Contracts with a helath insurance plan and accepts whatever the plan pays for procedures or services performed.






28. Comparing a claim to payer edits and the patient's health plan benefits to verify that the required information is available to process the claim; the claim is not a duplicated; payer rules and procedures have been followed; and procedures performed






29. One that has not been paid within a certain time frame; also called delinquent account






30. Is a past due account; one that has not been paid within a certain time frame.






31. Organization that accredits clearinghouses






32. Are organized by year; generated for providers who do not accept assignment; includes all unassigned claims for which the provider is not obligated to perform any follow-up work.






33. System by which payers deposit funds to the providers account electronically.






34. Is a public or private entity that processes of facilitates the processing of nonstandard data elements into standard data elements.






35. Determines coverage by primary and secondary policies when each parent subscribes to a different health insurance plan.






36. Sending data in a standardized machine readable format to an insurance company via disk - telephone or cable.






37. A check made out to the patient and the provider.






38. A claim that is usually more than 120 days past due; some practices establish time frames that are less than 120 days.






39. The transmission of claims data (electronical or manually) to payers or clearinghouses for processing.






40. Person responsible for paying healthcare fees






41. Uses a variable-length file format to process transactions for institutional - professional - dental - and drug claims.






42. The percentage the patient pays for covered services after the deductible has been met and the copayment has been paid.






43. Abstract of all recent claims filed on each patient.






44. A computerized permanent record of all financial transactions between the patient and the practice;also called patient account record.






45. Services that are provided to a patient without proper authorization or that are not covered by a current authorization.






46. Shows the status (by date) of outstanding claims from each payer - as well as payments due from patients






47. Accounts receivable that cannot be collected by the provider or a collect agency.






48. When the provider agrees to accept what the insurance company allows or aproves as payment in full for the claim






49. The insurance claim form used to report professional services






50. Computer to computer data exchange between payer and provider