A Claim for Which a Beneficiary Elects to Assign His

question 76

Multiple Choice

A claim for which a beneficiary elects to assign his or her benefits under a Medigap policy to a PAR is called a:

• A) mandated Medigap transfer.
• B) assignment of benefits.
• C) coordination of benefits.
• D) Medicare claim allocation.

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Definitions:

Risk Of Loss

The possibility that an asset or investment's value will decrease or will be irretrievably damaged or lost.

Insurance Coverage

A contractual agreement where an individual or entity receives financial protection or reimbursement against losses from an insurance company.

Lease Contracts

Legal agreements in which one party (the lessee) pays the other (the lessor) for the use of an asset for a specified period of time.

Damage

Harm or injury to property or persons, which may be the basis for legal action to recover compensation.