Claim Cycle
Types of Insurance
Health Insurance Terms
Wild Card
Medicare
100

This is the document submitted to the payer requesting reimbursement.

Health insurance claim

100

This is health insurance coverage subsidized by employers and other organizations, which distributes the cost of health plans among members.

Group Health Insurance

100

This is the fixed amount the patient must pay each time they receive services.

Copayment

100

This type of provider is responsible for supervising and coordinating health care services for enrollees.

Primary Care Provider

100

Part ____ bundles Parts A and B, also called Medicare Advantage.

C

200

This is a report is sent to the patient by the payer to clarify the results of claims processing.

Explanation of Benefits

200

This is a name for any health insurance company that provides coverage, such as Medicare or BlueCross BlueShield.

Third-party payer

200

This is the person who signs a contract with a health insurance company and owns the policy.

Policyholder

200

This coding system is used to report diseases, conditions, and injuries on claims.

ICD-10-CM

200

Medicare Part _____ helps cover inpatient care in acute care hospitals.

A

300

This is the process of reporting diagnoses and procedures/services as numeric and alphanumeric characters on the insurance claim.

Coding

300

Do patients using in-network providers generally pay higher or lower out-of-pocket costs than patients using out-of-network providers?

lower

300

This is the specified percentage of charges the patient must pay to the provider for each service received or for each visit.

Coinsurance

300

Name an example of a Managed Care Organization (MCO).

Hospital, physician group, health plan, health system

300

Part ____ helps cover physician services and outpatient hospital care .

B

400

This process involves linking every procedure/service code reported on the claim to a condition code that justifies the necessity of that procedure or service.

Medical necessity

400

A patient is injured in a car accident and has coverage with Medicare and automobile insurance. Which plan is responsible for paying the claim first?

automobile insurance

400

This is the amount for which the patient is financially responsible before an insurance policy provides payment.

Deductible

400

What is the primary purpose of the patient record?

Providing continuity of care

400

Medicare Part _____ offers optional prescription drug coverage to Medicare beneficiaries.

D

500

These two coding systems are used to report procedures and services on CMS-1500 claims.

CPT and HCPCS level II

500

___________ includes federal and state government health programs available to eligible individuals.

Public health insurance

500

This record includes the collection of one patient’s information documented by a number of different providers. It offers access to complete and accurate patient health information.

Electronic Health Record (EHR)

500

CMS stands for...

Centers for Medicare and Medicaid Services

500

Medicare Supplementary Insurance is also known as ________.

Medigap

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