A signed assignment of benefits typically designates the entity or individual to whom the insurance benefits will be paid. In the context of healthcare billing and insurance claims:
d. billing agency.
When a patient signs an assignment of benefits, they are authorizing their insurance benefits to be paid directly to the healthcare provider or billing agency rather than being sent to the patient. This helps facilitate a smoother billing process, and the provider or billing agency can then handle the reimbursement and billing arrangements as appropriate.
