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Exam 2 - Insurance & Medical Coding/Billing
Exam 2 - Insurance & Medical Coding/Billing
18
Health Care
Graduate
02/27/2013

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Cards

Term
Common types of insurance for small businesses (6)
Definition
Commercial General Liability Insurance
Business Personal Property Insurance
Worker's Comp (mandatory)
Professional Liability Insurance
Fidelity Bond
Commercial Automobile Insurance
Term
Commercial General Liability Insurance =
Definition
broad form of coverage;
protects against bodily injury, property damage, personal injury
Term
Business Personal Property Insurance
Definition
covers personal property owned by YOU
Term
Worker's Comp & Employer's Liability
Definition
"no-fault" system;
employers receive immunity from civil lawsuits over workplace injuries;
firms c 5+ employees must have worker's comp
Term
Professional Liability Insurance: covers... (4)
Definition
professional negligence
intentional conduct >> pt injury
violation of good faith/fair dealing
failure to achieve promises
Term
Claims-made policy
Definition
incident AND claim occur during policy term
Term
Occurrence policy
Definition
incident occurs during policy term (doesn't matter when claim is made; it will be covered, even if 22 yr later)
Term
fidelity Bond
Definition
covers for losses incurred due to fraud/losses caused by dishonesty of employees
Term
Commercial Auto Insurance: covers rental vehicles?
Definition
yes (if used for business purposes)
Term
Employee Insurance Benefits (4)
Definition
life insurance
medical insurance
disability insurance
accidental death & dismemberment insurance
Term
Life insurance =
Definition
pays out sum of money to beneficiaries upon policyholder's death
Term
Medical Insurance
Definition
covers against loss from illness/bodily injury
Term
Disability Insurance
Definition
pays you when you are unable to work 2ยบ to injury/medical condition
Term
Short-term disability insurance
Definition
pays portion of lost salary for
6 months or less of work

(100% for first payouts, drops to ~60% thereafter/p 6mos)
Term
Long-term disability insurance
Definition
pays 50-70% of salary in case of missing work for extended period
Term
Accidental Death & Dismemberment insurance
Definition
pays benefits to beneficiary if cause of death is accidental;
fractional amounts paid if bodily appendage is lost
Term
ICD-9 codes
Definition
classify diseases/injuries;
DIAGNOSIS
Term
CPT =
Definition
current procedural terminology;
describes SERVICES/procedures rendered
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