Match the Term with the Appropriate Definition or Description

question 26

Multiple Choice

Match the term with the appropriate definition or description:
-Maximum set amount of a specific benefit that accrues over a person's entire life

• A)adverse selection
• B)capitation
• C)classical principles of insurance
• D)coinsurance
• E)community rating
• F)copayment
• G)deductible
• H)disparities
• I)fee-for-service
• J)health care savings accounts
• K)healthy worker effect
• L)individual or differential rating
• M)lifetime cap
• N)Medicaid
• O)Medicare
• P)moral hazard
• Q)underinsured
• R)uninsured

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Definitions:

Right Livelihood

A concept, often associated with Buddhist teachings, that emphasizes ethical and meaningful work as a component of a moral life.

Myth Of Scarcity

The belief that there is a limited amount of resources available, leading to competitive behaviors and perceptions of scarcity, even when abundance exists.

Secondary Position

A role or status that is considered less important or subordinate to another.

Nonfinancial Resource

Assets or services that contribute to an organization's or individual’s success that are not measured in monetary terms, such as time, expertise, or networks.