Chat with AI
Hospital Billing 2nd Edition by Susan Magovern,Jean Jurek
Edition 2ISBN: 978-0073520896Hospital Billing 2nd Edition by Susan Magovern,Jean Jurek
Edition 2ISBN: 978-0073520896 Exercise 2
In managed care insurance plans, what is collected at the time of service?
A) Coinsurance
B) Premium
C) per diem
D) copayment
A) Coinsurance
B) Premium
C) per diem
D) copayment
Explanation
Verified
Verified
In managed care insurance plans, a copayment is collected at the time of service. This is a fixed amount that the patient pays at the time of the appointment or service, such as $20 for a doctor's visit or $50 for an emergency room visit. Coinsurance is a percentage of the total cost of treatment that the patient is responsible for covering, and is usually not collected at the time of service. Premiums are monthly fees paid for insurance coverage, and per diem is a daily rate of payment often used for hospital stays, but not typically collected at the time of service.
Hospital Billing 2nd Edition by Susan Magovern,Jean Jurek
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
