Even with Medicare, It Is Important for Patients to Have

question 9

Multiple Choice

Even with Medicare, it is important for patients to have additional coverage in a supplemental plan to cover costs outside of those that Medicare covers, commonly referred to as Medigap insurance.Identify an example of such a supplemental plan.

• A) HIPPA
• B) HBO
• C) AARP
• D) PCP

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Definitions:

Not-for-Profit

Organizations that operate for purposes other than generating profit, investing income back into their missions and activities to benefit society or specific groups.

Statement of Financial Position

A financial statement detailing an organization's assets, liabilities, and equity at a specific point in time; another term for a balance sheet.

Net Assets

The difference between a company's total assets and its total liabilities, indicating the equity value in the company.