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

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter11: Planning For Health Care Expenses

Section: Chapter Questions

Problem 4LTAI

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