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Insurance- Medicare Insurance Terms 1-17

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Term
Definition
ABN- Advance Beneficiary Notice   form used to notify patients in advance that a service may not be covered and the patient may be responsible.  
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Actual charge   the amount a physician or supplier actually build a patient for a particular service or supply  
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Appeal   complaint beneficiaries make if they disagree with any decision about their health care services.  
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appellant   an individual who appeals a claim decision.  
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approved amount   the amount and insurance carrier deems reasonable for the billed charges.  
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assigned claims   a claim form that directs payment to the provider/supplier.  
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assignment of benefits   authorization for the insurance company to send insurance payments directly to the healthcare provider also, an agreement with Medicare that the provider will accept the remittance as full payment.  
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Audit audit   process to ensure that Medicare reimburses providers based only on costs associated with patient care.  
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Beneficiary   a person eligible to receive insurance benefits  
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claim   request for payment of Medicare benefits or services rendered by a provider.  
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CMS -Centers for Medicare and Medicaid Services   administers and oversees the Medicare program and a portion of the state Medicaid program  
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COB- coordination of benefits   a program for determining which health insurance pays for services first when a beneficiary is covered by more than one health care plan.  
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coinsurance   d Medicare copay paid by the patient for services. It is sometimes referred to as a copayment.  
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CPT current Procedural Terminology   system of uniforms medical procedure codes to identify specific health care services.  
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Deductible   the amount that must be paid by a gun official Harry before an insurer begins to pay for medical services  
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diagnostic related groups DRG   classification of diagnosis used to determine hospital payment for Medicare inpatients  
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ESR end stage renal disease   kidney failure that is severe enough to require lifetime dialysis or a kidney transplant.  
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