For an assignment of benefits to be valid, whose signature is required?

For an assignment of benefits to be valid, the signature required is that of the policyholder. The policyholder is the individual who holds the insurance policy and maintains the rights to the benefits associated with it. When a policyholder signs a declaration to assign benefits, they are authorizing the insurance company to send payment directly to the healthcare provider for services rendered.

This process ensures that the provider gets compensated without needing to wait for the policyholder to pay upfront and then seek reimbursement from the insurer. It also streamlines billing and helps improve the efficiency of the healthcare payment process.

The signatures of other parties, like the healthcare provider or the insurance company, do not fulfill the requirement for the assignment of benefits to be valid. The legal guardian's signature is necessary in cases where the patient is a minor or unable to give consent, but in general circumstances, the policyholder's agreement is essential for this type of transaction.