Assignment of benefits is
A) used only by nonparticipating physicians.
B) never used by participating physicians.
C) the transfer of the physician's right to collect an amount payable to the patient.
D) the transfer of one's legal right to collect an amount payable under an insurance contract.

Question

Quizplus · Accepted Answer

Assignment of benefits is the transfer of one's legal right to collect an amount payable under an insurance contract. It allows healthcare providers to receive payment directly from the insurance company, rather than billing the patient who may not have the funds to pay for their healthcare services upfront. It can be used by both participating and nonparticipating physicians.

Assignment of Benefits Is