Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

Insurance Claim Follow Up - Essay Example

Comments (0) Cite this document
The author of this essay "Insurance Claim Follow Up" is focused on the operation of insurance companies that play a fundamental role in risk mitigation at individual, group or organizational level. Reportedly, the uncertainty associated with future times necessitates the use of insurance contracts…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.6% of users find it useful
Insurance Claim Follow Up
Read TextPreview

Extract of sample "Insurance Claim Follow Up"

The follow-up process of insurance claims is essential, especially when such claims are unpaid. It is important to follow up unpaid insurance claims in order to ensure that relevant authorizations are made and that the underlying payment will actually be made. Without follow-ups, claims that are not authorized are hard to detect (Padfield, 2012). This may lead to clinics or hospitals realizing deteriorating financial well-being.
Following up insurance claims especially those that are not paid confirms whether or not claim records are available to the insurer. This facilitates timely reimbursements by ensuring that claims are correctly and timely filed. Finally, the follow-up informs the claiming party of the claims that have been approved, those that have been denied, and those that are likely to be underpaid. In so doing, mistakes related to insurance claims are easy to detect and correct. Therefore, insurance follow-up ensures that the insured-insurer dealings do not jeopardize the normal operations and performance of organizations. Read More
Cite this document
  • APA
  • MLA
(Insurance Claim Follow Up Essay Example | Topics and Well Written Essays - 268 words, n.d.)
Insurance Claim Follow Up Essay Example | Topics and Well Written Essays - 268 words. Retrieved from
(Insurance Claim Follow Up Essay Example | Topics and Well Written Essays - 268 Words)
Insurance Claim Follow Up Essay Example | Topics and Well Written Essays - 268 Words.
“Insurance Claim Follow Up Essay Example | Topics and Well Written Essays - 268 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Insurance Claim Follow Up


...for the overall damage that was suffered by Alcoa. As a result, Lexington faced a claim of about US $180 million but settled for just over US $103 million and sought to recover from its reinsurers. As mentioned above, there was a “follow statement” provision in the reinsurance contract. This suggests that the reinsurers would be bound by the settlement of the underlying insurance claim provided that the reinsurer (a) acted honestly and took all proper and businesslike steps in making the settlement; and (b) the claim so recognized by the reinsured falls within the risks covered by the policy of reinsurance (Insurance Co of Africa v...
20 Pages(5000 words)Coursework


...? Insurance Insurance Introduction Health insurance helps in easing the burden and mitigating the risk of incurring expenses in seeking medical care among individuals. Prior to 1930, individuals seeking any assistance from physicians had to depend on their own pockets in paying the expenses. However, in 1930, American healthcare changed into a third party payer, which could either be private or public. The healthcare system of the United States relies immensely on the private health insurance. This comprises the principal source of coverage for most individuals in the U.S. Research depicts that around 58% of the Americans rely on private health insurance (Singh, 2009). Low income families, children and most senior citizens have... the...
6 Pages(1500 words)Essay


...? Insurance Module This paper discusses how different companies provide care along with the types of plans and expenses usually incurred. Furthermore, it gives a personal view of which plan is most suitable. Keywords: Care, plans Aetna Insurance Aetna insurance provides health insurances of different varieties which includes medical, dental, pharmacy, behavioural, group and disability plans (, 2013). These plan are customized according to the consumer needs and requirements and in most cases are pre-defined. Aetna insurance plans are usually designed considering health care management of its customers. Customers of Aetna Foundation comprise of...
4 Pages(1000 words)Assignment

Insurance claims

...modified the way in which liability for negligence is determined. Under the Act, even if you are injured, you may not have a claim if that injury was caused by something which could have been avoided (KRITZER, 1997, p261). The accident that involved Peter, a driver with Collins Coaches Ltd should first be reported to the relevant authorities so that the right course of action is taken. This will be procedural in establishing whether there are any fatalities, damage of property or animals and to what extent the damage has been done. The police should also be helpful in towing the vehicle away. Afterwards, there are legal obligations that will follow in case the vehicle has been damaged and someone has...
5 Pages(1250 words)Essay

Insurance conform to a vocational rationale demonstrating the market benefits of ethical behavior rather than encouraging students to examine fundamentally the assumptions and effects of business practice." (Bruce Macfarlane, 1995, p. 32-36) It indicates that a business always does not follow the practices of ethics in practicality; however, it is different for insurance companies because they are firms primarily based on the essence of ethics. Because it's the promise a company makes to its customer that they will be there in time of need. Insurance companies are a vital asset for the financial market. They are designed in a way that they don't go out of the business. For example, at the time...
5 Pages(1250 words)Essay


... and compensations for the delayed payment of claims, with the publication of a different discussion paper in 2008.The objective of the Law Commissions is to put up a final Bill to Parliament for endorsement in 2010. Though, the Law Commission’s intended legislative improvement did not materialize as the insurance industry persuaded the administration that the case for legislation was prevailed over by the benefits of self-regulation. It is a fact that customers find it complicated to know their lawful rights and responsibilities under insurance agreements in isolation contracts are regulated by an intricate patchwork of rule, policies and plans. Consumer protection is one of important agenda among the European Communities... which appears...
8 Pages(2000 words)Essay

Insurance becoming more prevalent as years pass, since people are finding it a necessity especially after purchasing expensive items. Conclusion Individuals do not realize the need for an insurance cover until they are involved in an accident or they are faced by damage. Nevertheless, insurance has become a vital tool in the society, and despite claims that insurance companies benefit form the high rates, policyholders attest to the importance of insurance. In case of damages, accidents and losses, insurance acts as a rescuer of the situation without the policyholder having to use his/her money. Therefore, insurance should be...
5 Pages(1250 words)Term Paper


...disadvantages. Part-A: Advantages of Telematics Insurance: One of the main advantages of telematics insurance is that it can constantly remind the driver of how fast he or she is driving the vehicle. Thus, when a person drives the vehicle beyond the safe speed limit, it works as an automatic check on dangerous habits. Thus, the younger generations who tend to embark on dangerous driving habits will b encouraged to adopt safe driving practices through this system of insurance. Since the insurance company collects the premium based on the driving behaviour of student drivers, telematics will inculcate in them the habit of safe driving. It also offers a no...
6 Pages(1500 words)Essay

Follow instruction

...Narration essay- Changes in my life Narration essay- Changes in my life In life people normally plan their future not knowing that fate is the major determinant of one’s life. I had planned lots of things in my life starting from my career, marriage partner to my dream home. This paper will attempt to narrate my life since my childhood till now, the changes that have taken place and what I plan to do to make it better. As a young child, I did everything to almost perfection so as I could achieve my future dreams. I controlled everything that was around me, the decisions I made, to the persons that I chose to be my friends. My inspiration was the ability to control everything in my life as everything went according to my life... essay-...
2 Pages(500 words)Assignment


..., the medical professional can buy an insurance policy, for purposes of transferring the risks associated with his or her work (Mason, Leavitt and Chaffee, 2012). On most occasions, insurance companies will accept the risk under consideration, in exchange for receiving the payment of premiums. Question Two: An employee would also need to join an individual professional insurance program, even if they are covered by their employer. An employer would register to this program if the insurance policy initiated by an employer does not meet the following requirements (Nurses Service Organization, 2014), Enlisting the name of the employee in...
2 Pages(500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Insurance Claim Follow Up for FREE!

Contact Us