What does MSP represent in relation to COB?

MSP stands for Medicare Secondary Payer, which is an important concept in the coordination of benefits (COB) among various health insurance plans. Understanding MSP is crucial for determining how Medicare interacts with other forms of insurance when it comes to covering healthcare costs.

In situations where an individual has both Medicare and another primary insurance plan, the primary insurance pays first, and Medicare serves as the secondary payer, covering costs that remain after the primary insurer has made their payment. This designation ensures that medical expenses are handled appropriately, preventing Medicare from paying for claims that should be the responsibility of another insurance provider.

The other options listed, while they contain terms related to health insurance, do not accurately represent what MSP means in the context of COB. For instance, a "Monthly Service Plan" and "Medicare Support Program" do not have established relevance in insurance coordination, and "Medicare Savings Plan" is a program aimed at helping low-income individuals afford Medicare premiums and costs, rather than addressing the role of Medicare as a secondary payer in the coordination of benefits.