Which of the Following Is True Regarding the Difference Between

question 136

Multiple Choice

Which of the following is true regarding the difference between a reimbursement policy and an indemnity policy for health insurance provisions?

• A)A reimbursement policy is based on the actual expenses you incur.
• B)An indemnity policy is based on the actual expenses you incur.
• C)A reimbursement policy is based on specified benefits regardless of actual expenses.
• D)An indemnity policy is based on actual expenses regardless of specified benefits.
• E)There is no difference between these two.

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Definitions:

Constitution

Essential rules or conventional norms that dictate how a state or similar body is managed.

Republican Party

An alternative name for Republicans, emphasizing its role as one of the two major political parties in the United States, also known as the GOP (Grand Old Party).

Jay's Treaty

A 1794 agreement between the United States and Great Britain that sought to resolve outstanding issues from the Treaty of Paris (1783) and facilitated ten years of peaceful trade between the two nations.

Bank of the United States

A central bank chartered by the United States Congress at two different periods, the first from 1791 to 1811 and the second from 1816 to 1836, to handle the government's transactions.