Posting Insurance Co-Payments
.pdf
School
Penn Foster College**We aren't endorsed by this school
Course
HIT 204
Subject
Accounting
Date
Dec 19, 2024
Pages
2
Uploaded by CaptainUniverseToad52
1.Co-payments2.deductibles3.coinsurance4.EOB12/8/24, 6:32 PMMindTap - Cengage Learninghttps://ng.cengage.com/static/nb/ui/evo/index.html?deploymentId=500018612516131672630220593653&eISBN=9780357933091&snapshotId=41194…1/2
1.a fixed amount for a covered service, paid bythe patient before the patient receives servicefrom the provider. The co-payment is collectedeach time medical services are received.2.an out-of-pocket expense the patient must paybefore the insurance company will pay oncovered services3.the percentage of cost the insured is responsiblefor paying after deductibles have been met. Forexample, an insurance company may pay 80%and the insured may be responsible for 20% co-insurance.4.A document that provides details on claimsbilled to the insurance, and how the claims werepaid, information on allowables, deductibles,adjustments, and the net payment12/8/24, 6:32 PMMindTap - Cengage Learninghttps://ng.cengage.com/static/nb/ui/evo/index.html?deploymentId=500018612516131672630220593653&eISBN=9780357933091&snapshotId=41194…2/2