Match Each Health Insurance Term with Its Definition

question 23

Multiple Choice

Match each health insurance term with its definition.
-Procedures used by insurers to avoid duplication of payment on claims when a patient has more than one policy

• A)assignment of benefits
• B)TRICARE
• C)CHAMPVA
• D)coordination of benefits (COB)
• E)co-payment
• F)deductible
• G)effective date
• H)capitation
• I)group insurance
• J)health maintenance organization (HMO)

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Definitions:

Securities and Exchange Commission

A U.S. government agency responsible for enforcing federal securities laws, regulating the securities industry, and ensuring stock market integrity.

Legal Authority

An entity or institution that has the legally granted power to make decisions, and to enforce laws or rules.

Financial Statement

A summary report that comprehensively shows a company's financial performance and position at a specific point in time, including the balance sheet, income statement, and cash flow statement.

Statement of Operations

A financial report detailing a company's revenues, expenses, and profits over a specific period, also known as an income statement.