The Contract Issued by a Payer, the Plan Document, or Any

question 97

Multiple Choice

The contract issued by a payer, the plan document, or any other legally enforceable instrument under which a covered person may be entitled to covered services is called:

• A) the schedule of benefits.
• B) the benefit plan.
• C) covered services.
• D) contracted services.

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Definitions:

CPI

This index, the Consumer Price Index, measures how the average prices of various consumer services and goods, including food, transportation, and healthcare, evolve using a weighted average technique.

Tooth Fairy

A mythical figure in Western cultures that exchanges lost baby teeth for a small payment when placed under a child's pillow.

CPI

A tool called the Consumer Price Index offers insight into the weighted average changes in prices for a selection of consumer-related goods and services, with a focus on sectors like transportation, food, and medical care.

Real Interest Rate

The interest rate adjusted for inflation, reflecting the true cost of borrowing and the real yield to investors.