Simplify the Following Expression

question 141

Multiple Choice

Simplify the following expression.

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Definitions:

CMS-1500

A standardized form used for submitting provider services for insurance billing in the United States.

Third-Party Claim

A claim filed by an individual or entity to an insurance company for losses or damages caused by another policyholder.

Co-Pay Receipt

A document or proof of payment indicating the portion of a healthcare service fee that a patient pays out of pocket.

Explanation of Benefits (EOB)

A document provided by insurance companies to members detailing the costs covered and owed for healthcare services received.