Answer the following statements true (T) or false (F)

1. EFT stands for emergency funds transfer.
2. Providers have different methods of determining their fee structure.
3. An ERA is an electronic EOB.
4. Resource-based fees are based on four factors.
5. Medicare Fee Schedules (MFSs) are based on resource-based relative value scale (RBRVS) fees.

(False) (EFT stands for electronic funds transfer.)
(True)
(True)
(False) (Resource-based fees are based on three factors.)
(True)