1. What is the difference between co-pay and coinsurance? a. They mean the same thing and used by insurance companies interchangebly b. Coinsurance is a percentage and copay is a set amount c. Copay is a percentage and coinsurance is a set amount d. Coinsurance is the term used only for Medicare patients 2. What is capitation? a. Pre-established payments to providers for enrollees over a period of time, whether the patient is seen or not by the provider b. Payment for services rendered by providers and based many times on Medicare fee schedules c. Services that all inclusive for a procedure, typically 10, 30 or 90 days d. Health insurance plans that include preventive services

1. What is the difference between co-pay and coinsurance? a. They mean the same thing and used by insurance companies interchangebly b. Coinsurance is a percentage and copay is a set amount c. Copay is a percentage and coinsurance is a set amount d. Coinsurance is the term used only for Medicare patients 2. What is capitation? a. Pre-established payments to providers for enrollees over a period of time, whether the patient is seen or not by the provider b. Payment for services rendered by providers and based many times on Medicare fee schedules c. Services that all inclusive for a procedure, typically 10, 30 or 90 days d. Health insurance plans that include preventive services

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter15: Preparing Adjusting Entries And A Trial Balance

Section15.1: Planning Adjusting Entries

Problem 4AYU

See similar textbooks

Similar questions

A sub-capitation payment is a: a. fixed amount per month paid to a provider for only the care that an individual needs from that provider b. payment system that reimburses physicians based on the physician's work, practice expenses, and malpractice insurance expenses c. method of reimbursement whereby the health care provider is paid for individual services charged d. method of reimbursement for medical services whereby the provider accepts preestablished payments for providing care to patients for a certain period of time Which is a tax-deferred account used for qualified health care expenses in which unused funds roll over from year to year?
Which type of insurance is not deductible as self-employed health insurance? a. Long-term care insurance O b. Medical insurance Oc. Disability insurance Od. Dental insurance Oe. Spousal medical insurance
An important distinction in health insurance is between the list price (PL) and out-of-pocket price (PP) of a medical good or service. The list price is the official price that the provider charges the insurance company, while the out-of-pocket price is the price that the insurance customer faces. Sometimes, the out-of-pocket price depends on the list price. Now assume the consumer is part of a partial insurance plan with a coinsurance provision. Her insurance pays 50% of all medical expenses. Consider again the relationship between PL and PP and plot a coinsurance plan demand curve in PL - Q space. Label this curve D3. Finally, assume the consumer is part of a partial insurance plan with a copayment provision. Her insurance pays all expenses above and beyond her copayment of $25 for each unit of Q. Consider again the relationship between PL and PP and plot a copayment-plan demand curve in PL - Q space. Label this curve D4.
Briefly explain the following characteristics of long-term care insurance. Type of long-term care policies Triggers to become eligible for benefits Exclusions Protection against inflation
Examples of health insurance offsets include all of the following, EXCEPT: a) Co-pays b) Deductibles c) Co-insurance d) Preventive programs
Traditional indemnity policies reimburse the insured based on the [amount charged | usual, customary, and reasonable (UCR) charges] for the medical services received. a. amount charged b. usual, customary, and resonable (UCR) charges
Question: 1) Which of the following is an example of mandatory deduction? A) Medical insurance. B) Union subscription C) Life insurance D) FNPF required: please answer this question by choosing the right option. *right/correct answer*
Which of the following items is required by the Life Insurance and Annuity Replacement Rule? A. A Notice Regarding Replacement of Life Insurance or Annuity B.A Notice Regarding Insurance Producer Compensation Schedule C.A Statement of Ethical Practices D. A Comparative Information form
A "waiver-of-premium” clause: Select one: a. allows the person to purchase additional insurance at no extra cost means the insured will receive the cash value immediately allows an insurance agent to pay your premiums b. C. O d. waives the suicide clause e. pays premiums in the event of illness or disability Clear my choice
If a term life insurance policy isconvertible, it can be: Question38 options: a) revised as neededby the insurer. b) transferred tothe life of another person in thefuture. c) changed to health ordisability protection. d)exchanged for cash in the future.e) changed to a comparablewhole life policy in the future.
The contract between insured and insurer is ______________. a. Coverage b. Premium c. Policy d. Face value
Loans are available from term life insurance policies. a. True b. False Group of answer choices True False