Health and Life Insurance

Category - Health and Dental

The payment of health insurance benefits to the health care provider rather than to the insured is referred to as __________.
  1. Assignment of benefits
  2. Deducting benefits
  3. Copayment of benefits
  4. Transferring benefits
Explanation
Answer: A - The payment of health insurance benefits to the health care provider rather than to the insured is referred to as assignment of benefits. In this case, the insured will typically fill out a form that gives permission to send benefit payments directly to medical service providers. It is important to note that not all insurance companies allow assignment of benefits.
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