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






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






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






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






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






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






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






8. Computer to computer data exchange between payer and provider






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






10. The insurance claim form used to report professional services






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






12. Federal law passed in 1975 that helps consumers resolve billing issues with card issuers; protects important credit rights - including rights to dispute billing errors - unauthorized use of account - and charges for unsatisfactory goods and services;






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






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






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






16. A computerized permanent record of all financial transactions between the patient and the pratice - also called patient ledger.






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






18. Contract out






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






20. The term hospitals use to describe the encounter form.






21. 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.






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






23. Also called a day sheet - a chronological summary of all transactions posted to individual patient ledgers/accounts on a specific day.






24. Organization that accredits clearinghouses






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






26. 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






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






28. Series of fixed length records submitted to payers to bill for health care services.






29. Claims for which all processing - including appeals - has been completed.






30. 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.






31. Form used to report institutional - facility services.






32. 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.






33. 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;






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






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






36. 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






37. Series of fixed length records submitted to payers to bill for health care services.






38. Any medical condition that was diagnosed and or treated within a specified period of time immediately preceding the enrollee's effective date of coverage.






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






40. 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






41. Associated with how an insurance plan is billed-the insurance plan responsible for paying healthcare insurance claims first is considered primary.






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






43. Sorting claims upon submission to collect and verify information about a patient and provider.






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






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






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






47. 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.






48. 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






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






50. Remittance advice that is submitted to the provider electronically and contains the same information as a paper-based remittance advice; providers receive ERA more quickly.