Match Each Health Insurance Term with Its Definition

question 31

Multiple Choice

Match each health insurance term with its definition.
-Numeric values assigned to payment components of the Resource-Based Relative Value Scale (RBRVS)

• 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:

Markup

The disparity between a product or service's cost and its retail price, represented as a percentage increase from the cost.

Predetermined Overhead Rate

A rate used to allocate manufacturing overhead costs to products, calculated before the period begins based on the relationship between estimated overhead costs and an allocation base.

Variable Manufacturing Overhead

Costs that vary with production volume, such as utilities and indirect materials.

Machine-Hours

A measure of the time that a machine is operated, used as a way to allocate machine-related costs to products.