Summary
The video provides a detailed explanation of key insurance terms and the claim process. Viewers will learn about terms like allowed charge, deductibles, and policyholder, as well as important processes such as electronic submission and handling of payments. Understanding these terms and processes is crucial for verifying benefits with insurance companies and ensuring smooth claims processing for policyholders and dependents.
Insurance Terminology
Explanation of key insurance terms such as allowed charge, contracted fee schedule, deductibles, maximum amounts, pre-existing clause, policyholder, dependents, termination date, and verification of benefits.
Claim Process
Overview of the claim process including claim forms, electronic submission, explanation of benefits (EOB), and handling of payments.
Verification of Benefits
Importance of verifying benefits with insurance companies, understanding terminology on EOBs, and the role of insurance coordinators in the process.
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