The Time Limit for Submitting a Medicare Claim Is

question 61

Multiple Choice

The time limit for submitting a Medicare claim is

• A) the end of the calendar year following the fiscal year in which services were performed.
• B) the end of the calendar year in which the service was performed.
• C) within 6 months from the date of service.
• D) within 1 year from the date of service.

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Definitions:

Starting Bonus

A preliminary financial incentive given to a new employee as an enticement to join a company.

Interest Compounded

The process whereby interest is added to the principal sum, so that from that moment on, the added interest also earns interest, leading to exponential growth.

Annuity Growth Rate

The rate at which the value of an annuity investment increases over time due to interest and investment income.

Present Value

The current estimation of a future financial sum or series of payments, when discounted at a specific rate of return.