In Which Plan Do Employees Possess the Option to Receive

question 24

Multiple Choice

In which plan do employees possess the option to receive care from health care providers outside the designated network of physicians,paying more for the choice?

• A)fee-for-service plans
• B)preferred provider organizations
• C)HMOs
• D)point-of-service plans

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Definitions:

Lockbox System

A service provided by banks to process payments quickly by having those payments mailed directly to a location accessible by the bank.

Collection Time

The average period it takes a company to receive payments owed by its customers, reflecting its efficiency in managing credit and collecting debts.

Money Market Securities

Short-term debt instruments issued by governments, financial institutions, or corporations, typically with high credit quality and liquidity.

Collection Float

The interval between the deposit of a check and the availability of the funds in the beneficiary's account.