What are MSP value codes?

What are MSP value codes?

Primary Payer Codes of A to L (except C) must match MSP VC reported on claim. For example, MSP VC 12 = Primary Payer Code A, etc….FISS only:

Code Description MSP VC
E Workers’ Compensation (WC) 15
F Public Health Service (PHS) or other federal agency 16
G Disabled with LGHP 43
H Federal Black Lung (BL) Program 41

What is a value code on a claim?

The code indicating a monetary condition which was used by the intermediary to process an institutional claim. The associated monetary value is in the claim value amount field (CLM_VAL_AMT).

What is MSP 12?

Working Aged Group Health Insurance MSP Type 12 (employer has 20 or more employees): This insurance is provided by an employer to a policyholder who is actively working with an employer that has 20 or more employees, or covered under their working spouse of any age who meets that employee status.

What is MSP insurance type code?

The MSP insurance type identifies the type of other insurance specific to the MSP provision that is the basis for the beneficiary’s MSP status. For claims billed electronically, the code is submitted in loop 2000B, within the SBR 05 segment of the ANSI X12 5010 format.

What are MSP codes for Medicare?

Medicare Secondary Payer (MSP) Occurrence Codes

Occurrence Code Report with Date of
01 Accident – Medical Coverage
02 Accident – No-fault
03 Accident – Liability
04 Accident – Employment-related

Where do I find MSP codes?

For Integrated Members, the MSP code is located within the Case of the patients chart in WebPT. Make the selection in the chart and it will flow over to Therabill once you click Save Patient.

What does value code mean?

Value code means the value which is used to calculate the excise tax. In determining the value code, it may be a tax code, purchase price, assessor’s appraisal, or MSRP.

What is value code amount?

Value code 44 is defined as the amount a provider agreed to accept from a primary insurer as payment in full. You may also see this referred to as “Obligated to Accept as Payment in Full, or OTAF. Higher than the payment received from the primary insurer.

What is an MSP type?

Medicare Secondary Payer (MSP) refers to instances in which Medicare does not have primary responsibility for paying the medical expenses of a Medicare beneficiary. This is because the Medicare beneficiary may be entitled to other coverage, which should pay primary health benefits.

What means MSP?

A managed service provider (MSP) delivers services, such as network, application, infrastructure and security, via ongoing and regular support and active administration on customers’ premises, in their MSP’s data center (hosting), or in a third-party data center.

What is MSP type?

What does MSP stand for in insurance?

Medicare Secondary Payer
Medicare Secondary Payer (MSP) is the term generally used when the Medicare program does not have primary payment responsibility – that is, when another entity has the responsibility for paying before Medicare.

When do I need to report MSP related value code?

If an accident related occurrence code is reported on the claim, an MSP related value code MUST also be reported, or the claim will return to provider (RTP). Payer codes are driven by the Value Codes reported on the claim.

What do you need to know about MSP coding?

MSP coding must be logical to the processing system. The type of coverage determines the appropriate value code and payer code. Payer Codes identify the type of insurance coverage. The chart below lists the type of coverage, value code, payer code and occurrence code (if applicable).

What is the MSP code for Medicare Part A?

All Medicare Provider’s Billing MSP (Medicare Secondary Payer) – Medicare Secondary Payer Billing Value Code 44. Advise Part A providers of the proper use of MSP VC (Value Code) 44. Use as a guide for calculating the VC 44 dollar amount that is to be reported on an MSP claim.

What is the conditional payment code for MSP?

Conditional Payment requires the following special coding: Occurrence code 01, 02, 03, 04 or 33 (whichever is applicable) with corresponding date Effective January 1, 2016 providers may submit MSP claims through Direct Data Entry (DDE). Please see MM8486 for additional details or background.