10+ Globant Interview Questions and Answers

Copay, coinsurance, and out-of-pocket expenses are all terms used to describe the portion of medical costs that patients are responsible for paying.

• Copay is a fixed amount that patients pay for a specific medical service or prescription drug.

• Coinsurance is a percentage of the cost of a medical service that patients are responsible for paying.

• Out-of-pocket expenses are the total amount of money patients pay for medical services and prescription drugs that are not covered by in...read more

Void claims are claims that are invalid or incomplete, Medicare has different types, denials can be based on various reasons, and OI types refer to other insurance types.

• Void claims are claims that are missing information or are incorrect, leading to rejection by the payer.

• Types of Medicare include Part A (hospital insurance), Part B (medical insurance), Part C (Medicare Advantage), and Part D (prescription drug coverage).

• Types of denials can be based on eligibility, coverage...read more

I expect a salary increase of 10% from my current CTC.

• I have researched the market rates for Claims Associates and based on my experience and skills, I believe a 10% increase is reasonable.

• I have consistently performed well in my current role and have received positive feedback from my superiors, which justifies the salary increase.

• I am confident that my skills and expertise will contribute significantly to the company's success, making me deserving of a higher compensation.

• I...read more

Claims refer to requests made by policyholders to insurance companies for compensation for damages or losses covered by their insurance policy.

• Claims are requests made by policyholders to insurance companies for compensation for damages or losses covered by their insurance policy.

• Claims can be related to various types of insurance policies such as auto, home, health, and life insurance.

• The process of filing a claim typically involves providing documentation of the damages or ...read more

UB04 is a standard claim form used by healthcare providers to bill for services provided to patients in a facility setting.

• UB04 is also known as the CMS-1450 form

• It is used for billing Medicare, Medicaid, and private insurance companies

• The bill type field on the form indicates the type of service being billed, such as inpatient or outpatient

• The facility type field indicates the type of healthcare facility, such as hospital or nursing home

• The POS field indicates the place of s...read more

Copay coins refers to the amount of money that an individual is required to pay out-of-pocket for a specific medical service or prescription drug.

• Copay coins are a form of cost-sharing in health insurance plans.

• They are typically a fixed amount that the insured person must pay at the time of receiving the service or medication.

• The copay coins can vary depending on the type of service or drug.

• For example, a health insurance plan may require a $20 copay for a doctor's visit and...read more

Health care refers to the organized provision of medical services to individuals or communities to maintain and improve their health.

• Health care involves the prevention, diagnosis, treatment, and management of diseases and injuries.

• It includes a wide range of services such as primary care, specialty care, hospital care, preventive care, and rehabilitation.

• Health care can be provided by various professionals including doctors, nurses, pharmacists, and allied health professiona...read more

Insurance is a financial protection against potential losses or damages.

• Insurance is a contract between an individual or entity and an insurance company.

• The individual or entity pays a premium in exchange for coverage against specific risks.

• Insurance helps mitigate financial losses in case of accidents, illnesses, or other unforeseen events.

• Types of insurance include health insurance, auto insurance, life insurance, and property insurance.

• Insurance companies assess risks and ...read more

Copay is a fixed amount that an insured person pays for covered services, typically due at the time of service.

• Copay is a set fee that the insured individual must pay for certain services, such as doctor visits or prescription medications.

• It is typically a fixed amount, such as $20 for a doctor's visit or $10 for a prescription.

• Copays are separate from deductibles and coinsurance, and are usually due at the time of service.

• The purpose of copays is to share the cost of healthc...read more