Insurance Terminology

Buffer Time

• Time reserved in the daily schedule

• Waiting period between patients

• Time at the end of the work day

Call List

• A list of people you must call on your lunch

• List of Insurance Companies

• List of Patients who can come in for an appointment

• List of patients who are going to be made inactive

What is considered the total amount of income

(a)  

Petty Cash

• Unlimited supply of cash

• Cash to spend on a shopping spree

• Limited Supply of cash

• Cash used to make change for patients

Payee

• The person who is making the payment

• The employees who get paid that week

• The person who does payroll

• The person named on the cheque

Annual maximum

• Total dollar amount that an insurance plan will pay for dental care

• Total dollar amount that an insurance plan will pay for dental care

• The amounts that the insurance pays for dental services

• The cumulative dollar amount that a plan will pay for dental care

What is the definition of out-of-pocket maximum?

• The amount of money your pockets can hold

• Maximum money you can pay out of pocket before insurance pays the rest

• The deductible you have to pay for insurance

• The amount of money you pay to your insurance company every month

What is a copayment?

• Coordination of benefits

• Portion of the cost of service to be paid by the insured (a set dollar amount)

• Term of conditions not covered by the insurance company

• Provider bill for service

You have reached your deductible of $2000, but you have not reached your maximum out-of-pocket limit of $4000 and your co-insurance begins. Your co-insurance is 20%. How much do you have to pay if you go to the doctor and the visit is $150?

• $150

• $120

• $30

• $0

A small fixed fee paid by the patient at the time of an office visit.

• Deductible

• Co-payment

• Premium