Answer:
The correct answer is A, True. You do not use a diagnostic code when posting an administrative fee for filling out a life insurance form.
Explanation:
Diagnosis codes are used as a tool in health care, to group and identify different types of medical conditions such as diseases, disorders, poisonings, symptoms, adverse effects of drugs and chemicals, injuries and other reasons for patient encounters. Diagnostic coding is the translation of written descriptions of diseases, illnesses, and injuries into codes from a particular classification.
Life insurance is an insurance policy in which you agree to pay for the policy on a regular basis (premium), and the insurance company agrees to pay a sum of money to your beneficiaries in event of death. The Life insurance companies may invest the premiums, hoping to make more than they’ll have to pay in claims. They also profit from customers who default or stop paying of premium their life insurance, causing the policies to lapse and leaving the insurer with the money that has already been paid.
An administrative charge is a fee charged by an insurer or other agency responsible for administering a group employee benefit plan to cover expenses related to record-keeping and/or other administrative costs.
