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. 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






2. 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;






3. 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.






4. The provider receives reimbursement directly from the payer.






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






6. Financial record source document used by providers and other personnel to record treated diagnoses and services rendered to the patient during the current encounter.






7. 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






8. A routing slip - charge slip - encounter form - or suberbill from which the insurance claim was generated.






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






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






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






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






13. Computer to computer data exchange between payer and provider






14. 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






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






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






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






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






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






20. 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;






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






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






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






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






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






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






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






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






29. Form used to report institutional - facility services.






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






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






32. 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






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






34. 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.






35. 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.






36. Theperson eligible to receive healthcare benefits.






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






38. Contract out






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






40. Amount for which the patient is financially responsible before an insurance company provides coverage.






41. Established by health insurance companies for a health insurance plan; usually has limits of $1000 or $2000; when the patient has reached the limit of an out-of-pocket payment (deductable) for the year - appropriate patient reimbursement to the provi






42. A correctly completed standardized claim






43. 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.






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






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






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






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






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






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






50. The insurance claim form used to report professional services