Question

The practice of one insurance company working with other insurance plans to determine the amount each will pay when a patient has more than one insurance plan is referred to as:

A) Coordination of benefits.
B) Primary insurance.
C) Secondary insurance.
D) Deductible sharing.
E) Claim resolution.

Answer 1

The practice of one insurance company working with other insurance plans to determine the amount each will pay when a patient has more than one insurance plan is referred to as coordination of benefits.

Step-by-step explanation:

The practice of one insurance company working with other insurance plans to determine the amount each will pay when a patient has more than one insurance plan is referred to as Coordination of benefits. This process ensures that the patient's medical expenses are properly divided between the multiple insurance plans they have. For example, if a patient has both primary and secondary insurance, the primary insurance plan would typically cover the majority of the costs while the secondary insurance plan would cover any remaining costs.