Third-Party Payer Comparisons- Discussion, health and medicine homework help

User Generated

yvggyrorne

Health Medical

Description

A third-party payer manages healthcare expenses for the insured (patient) and other covered parties and provides reimbursement for treatment and services covered under a contractual agreement between the insured and the payer. Several examples of third-party payers include HMOs, PPOs, Medicare, and Workers' Compensation. Select two of the third-party payers to compare and contrast based on your readings.

Consider in your discussion the differences and similarities in access to providers, choice of provider, out-of-pocket costs to the patient such as required co-pays and coinsurance and deductibles, and appeals for denied services. Identify based on your comparisons which type of plan you would prefer as a patient and why.

200 Word Minimum

User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Attached.

Running head: THIRD-PARTY PAYER COMPARISONS

Third-Party Payer Comparisons
Name
Institution

1

THIRD-PARTY PAYER COMPARISONS

2

Third-Party Payer Comparisons
Health insurance is different from other types of insurance in a lot of ways. When a
customer buys an auto insurance or life assurance, he or she only pays the premium and get
whatever coverage that the person is entitled to during an accident or the beneficiary in case of
the death of the policyholder. In health insurance, the person pays the premium and other
payments known as deductibles, prescription cost, and doctor visit. These complicated and
continuing costs are the main reason why people should understand th...


Anonymous
Goes above and beyond expectations!

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Similar Content

Related Tags