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. The term hospitals use to describe the encounter form.






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






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






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






6. Theperson eligible to receive healthcare benefits.






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






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






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






10. 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






11. 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;






12. 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






13. 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






14. Contract out






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






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






17. Person responsible for paying healthcare fees






18. 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;






19. Form used to report institutional - facility services.






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






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






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






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






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






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






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






27. The provider receives reimbursement directly from the payer.






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






29. 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






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






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






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






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






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






35. 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.






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






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






38. Computer to computer data exchange between payer and provider






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






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






41. 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.






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






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






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






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






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






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






48. A correctly completed standardized claim






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






50. 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