Uniform Billing Code Of 1992
What Does Uniform Billing Code Of 1992 Mean?
The Uniform Billing Code of 1992 (UB-92) is a federal billing code for hospitals to use when they are creating their hospital bills for patients for services rendered. Insurance companies will look at the bills and the billing codes and then calculate what they will reimburse their policyholders for depending on their plans.
Insuranceopedia Explains Uniform Billing Code Of 1992
UB-92 requires hospitals to send patients itemized bills, that clearly states how much is being charged for each service. Having a uniform code makes it much easier for hospitals, insurance companies and patients to understand exactly what services the hospital is charging for. Hospital expenses can be extremely expensive, so it is crucial for both insurers and policyholders to be able to look at the bill and the code and to figure out what is being charged. If insurance companies and patients did not have a way to fully understand charges, then they may end up overpaying.
