Insurance Coverage That Is Typically Primary to Medicare Includes All

question 82

Multiple Choice

Insurance coverage that is typically primary to Medicare includes all of the following,except:

• A) Medicaid.
• B) group health plans.
• C) workers' compensation.
• D) automobile liability insurance.

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Definitions:

Retired Bonds

Bonds that have been paid off or bought back by the issuer before or at maturity, effectively removing them from existence and relieving the issuer of further obligations.

Effective-Interest Method

A method of calculating the amortized cost of a bond and the amount of interest expense over time, by applying a constant interest rate to the carrying value of the bond.

Straight-Line Method

A way of calculating depreciation by evenly spreading the cost of an asset over its useful life.

Premium Amortization

The gradual reduction of the premium paid above the face value of a bond, allocated over the life of the bond.