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If accepted, the insurance company pays the patient’s health benefit directly to the person designated by the patient to receive the payment of the health benefit.
The provider has checked “Yes” for “Assignment” on the claim form.
For example, if the allowable is $100, you can bill the patient for $115.00.
Assignment only works if the patient’s contract allows the assignment of the benefit payment, or State Law mandates acceptance of Assignment.
Additionally, those planning to build their own medical billing business from home MUST plan ahead even more systematically and thoroughly to get a clear understanding of attainable short and long term goals BEFORE they jump right in.
They must also understand that while there hardly ever is completely free medical billing training (watch out for scams!
The patient or guardian signs the assignment of benefits form so that reimbursement checks will be sent directly to the doctor or medical provider.
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