Question

Claims with dates of service received later than one calendar year beyond the date of service, will be

a) Automatically approved
b) Denied without review
c) Subject to late payment fees
d) Sent for arbitration

Answer 1

Claims submitted over a year after the date of service are often denied without review. A credit card company charging late fees is an example of the actions entities can take to enforce timely payments.

Step-by-step explanation:

In the context provided, claims with dates of service received later than one calendar year beyond the date of service are typically not automatically approved. Instead, such claims are denied without review. This means that the entity responsible for processing these claims will reject them outright due to their late submission, without considering the content of the claim.

The credit card company's policy of charging $10 when a payment is late and $5 a day for each day the payment remains unpaid is an example of penalties companies may implement to encourage timely payments. It's important to understand the fees associated with late payments to avoid additional charges.

In summary, to avoid being denied without review or incurring late payment fees, it's crucial to adhere to payment deadlines and to understand the terms and conditions of any payment agreements.