Truth in Lending Act Flashcards
Because Healthcare providers offer "Credit" and payment plans they must comply with applicable laws governing credit and collections. The Consumer Credit Protection Act
What are the 3 names given for the Truth in Lending Act
Truth is lending Act is known as Regulation Z,Title ! and the Truth in Lending.
What do the Truth in Lending do?
deals with the disclosure before you get credit, APR and any written disclosures
Fair Credit Billing Act
means inaccurate or unfair practices
Fair Credit Billing Act is an amendment to the Truth in Lending Act, Fair Credit Billing Act of 1975 which is given to consumers before or after?
before
If a patient has an error to report to the hospital they must report it in how many days?
60
The Hospital is given how man days to respond to a complaint?
within 30 days
If a correction is needed it must be explained to the customer within?
two billing cycles or a maximum of 90 days
If a patients rights are violated and the time frame of the hospital is not met the hospital can forfeit the collection process is this true or false?
True
What is the Title VI of the Consumer Credit Protection Act? And what is it purpose
The Fair Credit Reporting Act. the purpose is to define what information from consumer reports can be used, by whom, and when the act provides the maximum protection of a consumer’s right to privacy and confidentiality of credit reports.
Define CRA’s
Credit Reporting Agency
Define the purpose of CRA’s
to supply information to businesses regarding debtors they are used to determine eligibility of an applicant for credit card issuance or employment,or court orders, and any legitimate need in connection with a business transaction.
Who is Title VIII?
Fair Debt Collection Practices Act (FDCPA)
Define FDCPA
Fair Debt Collection Practices Act
Goals of FDCPA
to keep collections from using harrasment or abuse, deceptive and unfair collection practices there are strict limitations on
Acquisitions of information regarding location of the debtor.
Communication with the debtor or others in collection of a debt.
What does the FDCPA prohibits?
Use of Harassment or abuse in the collection process. Use of false or misleading information in the collection process.
It keeps the collector from communicating with the consumer.
They can not call before 8am or after 9pm. in the consumer time zone.
If the collector knows legal counsel represents the debtor, unless attorney consents to communication with debtor.
or calling a consumer at his place of employment when consumer employment prohibits the consumer from receiving communication.
What is Title VI?
The Fair Credit Billing Act
What does HEAT?
Health Care Fraud Prevention and Enforcement Action Team
HEAT is to prevent fraud,waste and abuse in both the Medicare and Medicaid programs., True or False
True
What are some of the functions of HEAT?
Monitors fraud perpetrators who abuse the system
Improving the quality of care
Reducing the cost of health care
Sharing Information and highlighting best practices used in health care.
Maintaining a website on how to stop Medicare fraud
Define PPACA
It is the Patient Protection and Affordable Care Act or ACA, and commonly called Obamacare or the Federal Health Care Law
PPACA is aimed at primarily decreasing the number of uninsured Amercians and reducing overall costs of healthcare? True or False
True
Does the insurance companies cover all applicants regardless of preexisting conditions and gender? True or False
True
Implementation of Tax Exempt Hospitals has three sections which was proposed by the IRS what are they?
Financial Assistance
Charging Limitations
and Collections Actions.
TJC defintion
The Joint Commission which was formerly JCHAO which is an organization who audits the hospitals on compliance issues.
