1. Day of the month on which specific groups (Medicare, Medicaid, managed care, commercial payers) are scheduled to be billed. There are 30 bill-cycle days per month including weekends and holidays. 2. Day of the month on which specific accounts by alphabet, account number, insurance type, or date of first service are scheduled to be billed. Also see cycle billing .
Insurance Encyclopedia
Bill frequency
Rate of regularity that a subscriber or group is billed by the insurance company for premiums due. This may be monthly, quarterly, or annually.
Bill of exchange
The authorisation by the buyer for the seller to draw the price of the goods on a due date, on the buyer’s bank, usually when the goods reach their destination. The bank will not discount the bill unless the specified goods are insured against marine risks and the policy lodged with the bank as collateral security.
***
It is the bill drawn by exporter against the importer.
Bill of lading
An international shipping document issued by a carrier to a cargo exporter. It serves three purposes: (a) definition of the contract between the parties, including details of the shipowner’s duties and responsibilities for the property (as defined) from the port of shipment to the port of destination; (b) receipt for the goods delivered for shipment; (c) evidence of title, and as such is transferable by endorsement and delivery. A clean bill carries no qualifying endorsement; a ‘dirty bill’ may be endorsed, for example, ‘badly packed’. Copies are kept by the master, the shipper and the consignee.
***
A document issued by a carrier that is a receipt for the merchandise or other property to be transported, and that outlines just what the carrier agrees to do and his responsibilities for the property.
Bill of lading freight
The amount payable to the shipowner for the carriage of cargo and by common law earned only on completion, unless otherwise agreed. See ADVANCE FREIGHT.
Bill of Lading or Consignment Note
A document that establishes the terms of a contract between a shipper and a transportation company under which freight is to be moved between specified points for a specified charge. Usually prepared by the shipper on forms issued by the carrier, it serves as a document of title, contract of carriage and a receipt for goods. Also, see Airway bill and Ocean Bill of Lading. Bill of Lading, Claused : Bill of Lading, which has been endorsed by the ship owner, as the goods described thereon do not conform to what is offered for shipment e.g., package missing, inadequately packed. Bill of Lading, Clean : A bill of Lading is said to be clean if it has no superimposed clause expressing of any defective of the packaging or of goods.Bill of Sale : A written instrument whereby one person transfers his title and interest in personal property to another.
Bill payment protection (BPP)
Pays agreed sums to fund household bills following accident, sickness and unemployment. The insurance is not linked to a credit agreement and therefore stands alone.
Billed claims
Insurance claims with fees and procedural and diagnostic code numbers submitted by the provider to the insurance plan for health care services or supplies provided to their enrolled members or insureds.
Billed Claims, Health
The amounts submitted by a health care provider for services provided to a covered individual.
Billed direct
See: direct pay .