​The Traditional Type of Insurance That Once Covered the Cost

question 6

Multiple Choice

​The traditional type of insurance that once covered the cost of medical care is fast becoming extinct.Even though traditional private insurance is fading,there are still individuals who choose to pay high premiums so that they have the flexibility to seek medical care from health care professionals of their choice.This type of care is still very attractive to many individuals who want the freedom to seek care from any provider and not worry about whether they are remaining in their network,and is known as:

• A) ​fee-for-service
• B) ​preferred provider selection
• C) ​primary care insurance
• D) ​none of the above

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Definitions:

European Union Regulations

Laws that are directly applicable and binding in all member states of the European Union without the need for individual countries to enact additional legislation.

Agency Relationship Law

Agency Relationship Law governs the legal relationship formed between two parties when one, known as the agent, is authorized to act on behalf of the other, known as the principal.

Manager

A manager is an individual responsible for directing and overseeing the work of a group or unit within an organization, making decisions, and ensuring goals are achieved.

Contract

An agreement between two or more parties that is recognized and enforceable by legal systems.