A medical insurance verification form can be used to quickly and accurately verify the eligibility of a patient for insurance claims. Without the use of these forms, the claims denial rate can be high for any company or insurer.
What is an Insurance Verification form?
Medical insurance verification is a complicated process with multiple parties involved in a transaction. Therefore it is quite complex to process. An insurance verification form can ease off some of the tasks involved in processing.
If a medical insurance package covers a person, then it’s the insurance company liable to pay for the medical expenses. To verify the information before providing a service, healthcare providers would send an insurance verification form to the patient’s insurer and other parties. And this process starts with a properly formatted insurance verification form.
What Is The Insurance Verification Form Template?
An insurance verification form has several fields that must be filled out. Some of them are:
- Patient name
- Insurance ID
- Insurer name
- Relationship of the insured to the patient
- The effective date of the policy
- End date for the policy
- Limitations of the policy
You can create a medical verification form from scratch or utilize a ready-to-use template. This template contains all of the fields required in an insurance verification form by law. You can download the template, edit the fields to meet your own requirements, and use it for your in-house requirements.
When Is The Insurance Verification Form Used?
The insurance verification form can be used across several conditions and aspects, but the objective remains the same: to verify the information for processing insurance. Hence, these can be used by the following categories of entities:
Insurance companies and agents
Insurance companies often receive many insurance verification forms for insurance payments. To make your life easier as an insurance company, you can provide a single form with a particular format and fields to all of your affiliates. This can ease your task of collecting, processing, and responding to the verification form at your end.
Hospitals
Hospitals have to send verification forms to insurers regularly. Before providing a service, they must verify the eligibility of the patient. Hospitals have a separate billing department that takes care of insurance claims.
Dental And Other Clinics
In addition to hospitals, dental clinics, and other types of clinics need to verify the patient's insurance information from their respective insurers. For dental clinics, there is a separate dental insurance verification form.
Employers
When creating a new contract for an employee, employers might request insurance information from the employee’s existing insurance company. To verify the details, they often send a medical insurance verification form before they offer employee benefits.
CocoSign has a complete library of health insurance verification form templates that can be used for any industry. You can start using another templates for free. Download the form onto your computer, make the necessary editing, and start using for your own needs.