Healthcare Insurance Policies

Step 1: Write an essay of 500–700 words by addressing the following questions:

• Explain at least 2 different kinds of health plans.
• Choose 3 kinds of payments that may be rendered for servicesExplain why it is important for the patients and the health of the organization to correctly use and apply insurance, including verification of benefits.Explain why coding properly is important to your organization and the patient.Explain what is found in CPT coding, ICD coding, and in the HCPCS.Explain what an Explanation of Benefits (EOB) is.Explain to the new employees of Kyosha Valley at least 2 other important insurance terms, such as the birthday rule, assignment of benefits, clean claims, coordination of benefits, balanced billing, and so on.