An Overview of Healthcare Insurance
Healthcare insurance applies to everyone so it’s important to have a basic understanding. Knowing proper insurance terminology is beneficial so you can properly communicate with your provider. Majority of Americans have private insurance, and in 2019, the United States had 6,210 operational hospitals with 931,203 staffed beds. From an insurance perspective, CMS-1500 forms are used by non-institutional healthcare facilities while UB-04 forms are used by institutional healthcare facilities. When looking for an insurance plan, you should compare the plans offered to you including deducible costs, in-network options, and benefits. Take time to research healthcare insurance so you can ensure you are informed of how it works and benefits you.