Discuss each stage of the life cycle of an insurance claim. in your discussion, demonstrate your understanding of the following terms:_____
a. claims
b. submission
c. clearinghouse
d. edi era

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06-09-2022
Business

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Discuss each stage of the life cycle of an insurance claim. in your discussion, demonstrate your understanding of the following terms:_____
a. claims
b. submission
c. clearinghouse
d. edi era

Sagot :

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tutorconsortium206 tutorconsortium206 · Answer 1 · 2022-09-10T14:30:51-04:00

You can prepare for the procedure by gathering necessary documentation assembling photographs and eyewitness statements of the incident or damage, and being familiar with the subsequent steps.

What Is a Claim Under Insurance?

A formal request for coverage or payment for a covered loss or other policy event made by a policyholder to an insurance company is known as an insurance claim. The insurance provider confirms the claim (or denies the claim). If it is accepted, the insurance provider will pay the insured or a recognized interested party on their behalf.

Insurance claims include everything from normal and extensive medical checkups to death payments on life insurance contracts. In rare circumstances, a third party may submit claims on the insured person's behalf. Only the person(s) named on the policy, however, are often eligible to make a claim for payments.

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Sagot :

What Is a Claim Under Insurance?

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