What Is a Superbill?
Superbills allow health care providers to process and fulfill insurance claims quickly and accurately. But what is a superbill, and why is it an essential tool for medical billing purposes? These forms contain the necessary information needed for insurance companies…
What is the Cadillac Tax on Health Care?
“Cadillac Tax,” the much-reviled, or much-needed policy (depending on who you ask) was one of the Affordable Care Act’s central cost-cutting initiatives. Essentially, the Cadillac Tax was a 40% tax cut out from employer-sponsored coverage that met certain high premium…
What is Single-Payer Healthcare?
Healthcare involves two main steps: financing and delivery. Under a single-payer system, also known as “universal healthcare,” everyone receives healthcare coverage under a single insurance plan financed by public taxes. However, the delivery of care can occur through private or…
What are Generic Drugs?
A generic drug is an identical chemical copy of its brand-name counterpart, which is the first version of the drug developed by a pharmaceutical company. Generic drugs provide the same clinical benefits as brand-name drugs but are much more affordable. …
What is the Tampon Tax?
The tampon tax is an additional cost placed on feminine hygiene products like sanitary napkins and tampons because the government deems them as non-essential, luxury items. Compare this to other healthcare products that are considered “essential” such as toilet paper,…
What Is Coordination of Benefits?
Coordination of Benefits is a complex concept that requires an in-depth understanding of insurance. This article provides an all-encompassing guide to the topic, covering everything from an introduction of what coordination of benefits is and how it works, to the…