If a Claim Is Rejected by an Insurance Company, What

question 27

Multiple Choice

If a claim is rejected by an insurance company, what should the medical assistant do first?

• A) Immediately resubmit the claim exactly as it before.
• B) Resubmit the claim with corrections and/or additional information.
• C) Mark in the insurance claims register that the claim will not be paid.
• D) Prepare a bill for the patient, since he or she is now completely responsible.

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Definitions:

Compounded Annually

A method of calculating interest where the interest earned each year is added to the principal, so that the balance doesn't merely grow, it grows at an increasing rate.

Savings Account

A bank account where money can be deposited to earn interest over time.

Deposited

The act of placing money into a financial institution or account for safekeeping or to earn interest.

Present Amount

The present value of an anticipated amount of money or series of cash flows, assessed by a predetermined rate of return.