verified detailed answers latest update
2025
Advanced beneficiary notice (ABN) --- correct answer ---form
provided to the patient when the provider believes Medicare will
probably not pay for services received
Allowed amount --- correct answer ---the maximum amount a third
party payer will pay for a particular procedure
Copayment --- correct answer ---an amount of money that is paid at
the time of medical service
Coinsurance --- correct answer ---a policy provision frequently found
in medical insurance whereby the policyholder and the insurance
company share the cost of covered losses in a specified ratio, such as
80:20
Deductible --- correct answer ---a specific amount of money a patient
must pay out of pocket before the insurance carrier begins paying