HCPCS Level II National Codes Are Used in Claims Submitted

question 19

Multiple Choice

HCPCS Level II national codes are used in claims submitted to:

• A) public insurers only.
• B) private insurers only.
• C) public and private insurers.
• D) self-funded plans only.

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Definitions:

Preferred Dividends

Dividends that are paid out to preferred shareholders at a fixed rate before any dividends are paid to common shareholders.

Common Dividends

Payments made to shareholders out of a corporation's earnings, reflecting the portion allocated to holders of common shares.

Liquidation

The process of converting assets into cash, often during the winding down of a business or the selling off of stock.

Preferred Stock

Preferred stock is a class of ownership in a corporation that has a higher claim on its assets and earnings than common stock. Preferred shareholders typically receive dividends before common shareholders.