Notes on Health Insurance and Reimbursement - chapters 13
Introduction to Health Insurance
- Health insurance is a policy that promises to pay some or all of a customer’s medical bills.
- Important for medical assistants to understand how to obtain insurance information to file claims.
- Need to keep updated on changes in insurance plans and policies.
Health Benefits Plans
Group Health Benefits
- Affordable Care Act (ACA) has specific requirements for health benefits.
- Available to employees or group members.
- Types:
- Insured Benefits: Premiums paid by employer/employee to an insurance company, covering eligible benefits.
- Subject to state regulations.
- Self-Funded Benefits: Premiums paid to process claims, funds invested to pay claims.
- Eligibility
- Determined by criteria such as premium payment and coverage start dates.
- Dependents included (spouse, children, etc.).
- Claims administrator manages third-party reimbursement for medical practices.
Individual Health Benefits
- Purchased by individuals from insurance companies.
- Need to know primary and secondary carriers if multiple policies exist.
- Coordination of Benefits: Designates order of coverage to prevent payment duplication.
- Funded by state or federal government.
- Examples: Medicare, Medicaid, TRICARE, Workers’ Comp.
Medicare Benefits
- Part A: No charge, covers hospital expenses.
- Part B: Optional with a monthly fee, covers outpatient services.
- Coverage includes diagnostic tests and certain immunizations.
- Eligibility:
- Automatic enrollment at age 65, for those disabled over 24 months, end-stage renal disease patients.
- Both parts incur annual deductibles and copayments.
Medicaid
- Federally funded, eligibility varies widely across states.
- Covers inpatient hospital care, outpatient treatment, etc.
- Not all practices accept Medicaid.
TRICARE/CHAMPVA
- Administered by the U.S. Department of Defense for military personnel and families.
- Patients must typically use in-network services for full benefits.
Managed Care
Overview
- Developed to control costs by requiring adherence to specific rules by physicians.
- Key Elements:
- Precertification: Hospital admissions must be pre-approved.
- Networks: Limited to in-network providers for full benefits.
- Assignment of Benefits: Patients transfer their benefits to the provider.
Health Maintenance Organizations (HMOs)
- Patients pay copayments instead of deductibles, often lower cost.
- Requires use of network providers and may involve gatekeeping for referrals.
Preferred Provider Organizations (PPOs)
- Contracts with providers offer flexibility in choosing care, with better benefits for in-network services.
- Higher premiums usually accompany PPO plans in exchange for lesser restrictions.
Filing Claims
Claim Process
- Use National Provider Identifier (NPI) for claims.
- Can submit claims on the patient's behalf if patient authorizes it.
- CMS-1500 form is standardized for filing insurance claims.
- Common Reasons for Claim Denials:
- Patient identification issues, incomplete data, services not covered.
Electronic Claims Submission
- Most practices now submit claims electronically, enhancing efficiency.
- Required to meet HIPAA guidelines for confidentiality and security of patient data.
Reimbursement
- Used to determine reimbursement for Medicare inpatient services.
- Code uses ICD-10-CM for specific conditions to establish billing.
Resource-Based Relative Value Scale (RBRVS)
- Determines fees based on service intensity, time, skills, and overhead costs.
- Adjusted for geographical cost differences using the Geographic Practice Cost Index (GPCI).
Practice Policies
- Ensure patient signatures for assignment of benefits.
- Understand balance billing implications; may be restricted under managed care contracts.
- Knowledge of patient eligibility and coverage changes is essential for effective claims management.