Dale,age 65,was Dismayed to Learn About All of the Deductibles,co-Pays,limits,and

question 13

Multiple Choice

Dale,age 65,was dismayed to learn about all of the deductibles,co-pays,limits,and exclusions in the Medicare program.Dale bought a type of health insurance specifically designed to supplement Medicare,and selected his coverage from among 10 standard policies that private insurers offer.What type of health insurance did Dale purchase?

• A)long-term care insurance
• B)Medigap insurance
• C)major medical insurance
• D)viatical insurance

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Definitions:

Checkbook Balance

The amount of money available in an account, according to the account holder's records.

Bank Service Charge

Fees charged by a bank to a customer for account maintenance, transactions, and other financial services.

NSF Check

A check that has not been honored by the bank due to insufficient funds in the account to cover the amount.

Outstanding Checks

Checks that have been written and recorded in a company’s ledger but have not yet been cleared or deducted from the bank account balance.