Answer the following statements true (T) or false (F)
1. The resource-based fee structure takes into account the provider's work, the practice expense, and the cost of professional liability insurance.
2. Seventy-five percent of the physician's work value under the RBRVS is adjusted by geographic cost differences.
3. The Medicare Fee Schedule (MFS) is based on the provider's charge-based fee schedule.
4) A provider's usual charge for a service can be higher, equal to, or lower than the insurance carrier's allowed the charge.
5.The patient is responsible for the difference between the provider's usual charge and the carrier's allowed charge when services are received from a participating provider.
1. TRUE
2. FALSE
3.FALSE
4. TRUE
5. FALSE
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