Match Each Type of Information Found on an Explanation of Benefits

question 69

Multiple Choice

Match each type of information found on an Explanation of Benefits (EOB) form with its definition.
-Amount of money a patient owes as a share of the bill

• A)patient
• B)insured ID number
• C)claim number
• D)type of service
• E)date of service
• F)charge
• G)not allowed amount
• H)coinsurance co-payment amount

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Definitions:

Interest Rate

The percentage of a sum of money charged for its use, typically expressed as an annual percentage rate.

Demand for Loanable Funds

The desire to borrow money, driven by businesses and individuals who seek financing for investment, consumption, or other purposes, typically influenced by interest rates.

Unanticipated Inflation

Inflation that occurs when the actual rate of inflation exceeds the expected rate, often leading to distortions in economic decision-making and allocations.

Borrowers

are individuals, companies, or entities that take out loans from lenders with the obligation of repaying the borrowed amount plus interest or other charges.