The first type of assignment of benefits is a medical service agreement. In this case, both the client and the provider are the employers. The client has agreed to pay the fee only in the event that the medical services are rendered.
The second type of assignment of benefits is a health maintenance organization (HMO). Here, each patient is given a health insurance plan, which requires payment to the HMO company whenever the service is rendered.
The third type of assignment of benefits is a medical reimbursement agreement. Here, the provider’s primary care physician pays the client a set fee based on the medical care provided.
The fourth type of assignment of benefits is a personal injury or accident insurance agreement. Here, the client agrees to pay the fee only when the service is rendered.
Before an employer can legally assign the fees to a health insurance plan, he must first get the approval of the employee’s medical coverage. The employee is then legally bound to pay the fees only if the client has agreed to.
A health service provider (HSP) is the one who performs the services, and the HSP must first obtain a written assignment of benefits authorization form from the client. The form contains a section where the provider must indicate whether the client has opted for a fee-for-service or a fee-for-all services plan.
Assignment of benefits agreements can be purchased on the web. All these companies are able to provide service and even handle all the legalities related to these agreements.
One of the advantages of using the web for assignments of benefits is that you can get in touch with any health care professional – medical service providers, HSPs and personal injury attorneys. Moreover, you are not bound by geographical boundaries.
Also, you don’t have to pay for the medical services. While this can be beneficial to many people, there are other disadvantages of using the web for assignments of benefits.
Assignment of benefits can be expensive and, in some cases, you may not get the rights to negotiate the terms and conditions of the agreement with your clients. Also, you cannot determine the performance of the health plan.
If you do not have time to check out an assignment of benefits agreement, you should contact a personal injury attorney, who will be able to do it for you. The attorney can help you take care of all the legalities, which you might not be capable of handling on your own.