How to Transfer Assigned Balance to an Account Balance
Summary:
As a general rule all Insurance Balances that are over 60 Days old should be transferred to the patient’s account, as the Insurance carrier has either paid or rejected that claim within that period.
Steps:
Insurance Balances from Zero Expected to any dollar value that are over 60 Days old should be transferred to the Account balance. If the insurance DOES pay after that time, the payment can be posted to the Account Balance as a payment type I. Ultimately the patient needs to be responsible for all outstanding bills. Also, adjusting entries cannot be made to Insurance balances – only to Account balances.
If a patient has assignment turned on, but zero is actually expected from the Insurance carrier for a particular procedure, ABELDENT holds a spot open for that bill, ‘just in case’. It will show on the payment screen under the Subscriber as Expecting $0.00.
1. Select Patient’s Financial tab.
2. Click on Payment.
3. Under “Subscriber Paying”, click on 0.00 **Leave the amount at zero**
4. Click on Extra, Extra.
5. Leave “Paymt Recvd” at 0.00
6. Type A in “Xfer” box
7. Click OK, OK, OK.
8. Repeat for each “Benefit Expected
References:
Watch a video showing how to Transfer an Assigned Balance to an Account Balance.
Product (s): ABELDent
Category: Financials
Classification: Public
Date Created: 4 April 2016
Created by: Brian Neale