A Remittance Advice (RA) is a document supplied by the insurance payer that provides notice of and explanation reasons for payment, adjustment, denial and/or uncovered charges of a medical claim.
Usually accompanies Medicare and Medicaid payments.
Often referred to as an explanation of payment by other insurance payers.
There are two types of RAs:
- Electronic Remittance Advice (ERA): an RA that is transmitted in an electronic format
- Standard Remittance Advice (SRA): an RA that is submitted in a paper format