Which statement is an accurate interpretation of the phrase "assignment of benefits" if signed by the patient on the CMS-1500 claim?

A. The provider accepts as payment what the payer reimburses.
B. The payer sends reimbursement for services to the patient.
C. The payer is instructed to reimburse the provider directly.
D. The provider cannot collect copayments from the patient.

Question

21-07-2024
Medicine

Answered

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Which statement is an accurate interpretation of the phrase "assignment of benefits" if signed by the patient on the CMS-1500 claim?

A. The provider accepts as payment what the payer reimburses.
B. The payer sends reimbursement for services to the patient.
C. The payer is instructed to reimburse the provider directly.
D. The provider cannot collect copayments from the patient.

Sagot :

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Final answer:

The phrase 'assignment of benefits' on a CMS-1500 claim form means the payer is instructed to reimburse the provider directly.

Explanation:

Assignment of benefits on a CMS-1500 claim form signed by the patient indicates that the payer is instructed to reimburse the provider directly. This means the payment goes directly to the healthcare provider for the services rendered.

Learn more about Health insurance and reimbursement here:

https://brainly.com/question/44020685

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Final answer:

Explanation:

Learn more about Health insurance and reimbursement here:

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