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Module 1: Basic Insurance Terminology

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Covers basic medical insurance terminology used in billing

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Module 1: Basic Insurance TerminologyVersión en línea

Covers basic medical insurance terminology used in billing

por Dena Stone
1

Set amount the insured pays for medical costs before the insurance plan begins to pay for services

2

Typically a set dollar amount the insured is required to pay at the time of medical service

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This cost sharing is usually a percentage of the total cost of care

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An annual dollar threshold that, once met, the insurance plan covers services at 100% for the remainder of the plan year

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A formal request from a PCP for a patient to have care with a specialty provider

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A formal request for an insurance plan to apply benefits for services provided

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A written, detailed description of how plan benefits were applied to a claim submission

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An electronic version of an EOB

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This type of insurance payment covers multiple claims from one payer

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Refusal of an insurance company to honor a request to pay for healthcare services

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Approval from a health plan for services to be provided

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When two insurance plans work together to pay claims for a shared member

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