Chapter 13 Billing and Inventory

Copay

Portion of the prescription bill that the patient is responsible for paying

Deductible

The amount paid by a policyholder out of pocket before the insurance company pays a claim

Medicare

1. 65+

2. Disability

3. End stage renal failure

Medicaid

1. Low income

2. Pregnant Women

Premium

How much you pay per month to keep insurance

Medicare Cards

Part B: Medical Equipment

Part C: Medication/ Drugs

Health Maintenance Organizations (HMO)

Insurance plan that allows coverage for In-network only physicians and services

Preferred Provider Organization (PPO)

Provides health care for members for a discounted fee. Can choose a physician for a list