What are the 4 parts of Medicare and its coverage
Part A- Inpatient Services
Part B- Outpatient Services
Part C- Medical Advantage Plan
Part D- Prescription
A percentage of the charges that the patient is responsible for paying
Coinsurance
what does PCP stand for?
Primary Care Physician
It is a Healthcare program for the US Department of Defense military health system
Tricare
Fixed dollar amounts associated with a type of visit (ER, office visit, or a diagnostic test)
Copay
What are the Eligibility Criteria to qualify for Medicare
* 65 and above
* Disability
* people with ESRD
The maximum amount a patient will be asked to pay out of pocket per year.
Out of pocket maximum
what does RCM stand for?
Revenue Cycle Management
This determines which insurance is primary when the patient has multiple insurances
Coordination of benefits (COB)
The person in whose name an insurance policy is written. Also referred to as the insured or subscriber
Policy holder
It is a Federal Payer for People with Lower income
Medicaid
These are codes assigned to determine the illness of the patient
ICD-10 codes or diagnosis codes
Two-digit codes to indicate the setting in which a service was provided or performed
POS or Place of Service
It usually refers to the plan that is taken by the patient in his/her state where the patient resides& pays premium. This usually applies for BCBS card holders with Blue card eligibility
Home Plan
A type of commercial plan that only covers in network providers only
HMO
It is a way to qualify for Medicaid even if their income is higher than the state's Medicaid limit
Spend down
The Person who is financially responsible for the Medical cost.
Guarantor
TRUE/FALSE: Cosmetic surgery is part of Medicare covered service
False
Amount that must be paid and met before the insurance kicks in
Deductible
True or False:
Medicaid should be renewed quarterly
False
What is Medicare TFL?
1 years starting from DOS
It is a Tricare Plan for active military personnel
Tricare Prime
It is sometimes called “Medicare Supplemental Insurance.” They pay for the “gaps” in Medicare coverage
Medigap
It is a healthcare program for veterans
CHAMPVA
The process used by health plans to assess the medical necessity & appropriateness of medical treatment requested by a physician for a patient. It is a clinical review required by some Health Insurance carriers before a service is rendered.
Authorization/ Prior Authorization