Match Each Health Insurance Term with Its Definition

question 7

Multiple Choice

Match each health insurance term with its definition.
-When health care providers inform patients of charges before the services are performed

• A)advance beneficiary notice (ABN)
• B)carrier
• C)coordination of benefits (COB)
• D)fee disclosure
• E)fee schedule
• F)loss-of-income benefits
• G)participating provider
• H)patient status
• I)relative value units
• J)third-party payer

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Definitions:

Reporting Entity

is an entity for which there are users who rely on its financial statements to make economic decisions.

Economic Activity

Actions that involve the production, distribution, and consumption of goods and services within an economy.

Group Structure

The organization of a set of entities under common ownership or control, typically presented through a hierarchy that outlines the relationship between parent companies and subsidiaries.

Separate Financial Statements

Financial statements prepared for an individual company, as opposed to consolidated financial statements which combine the financials of the parent company and its subsidiaries.