Which of the  Following Statements Regarding Private Health Insurance Plans

question 76

Multiple Choice

Which of the  following statements regarding private health insurance plans is true?

• A) With a fee-for-service plan, the health care provider is the same as the insurer.
• B) With a traditional indemnity plan, the premium cost is low if it is a high-deductible plan.
• C) With a managed care plan, the employer contracts with the health care provider.
• D) With a traditional indemnity plan, the insured pays 80% of the eligible health care expenses.
• E) Group health insurance is a contract between pharmaceutical companies and the health care provider.

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Definitions:

Collective Agreements

Legal contracts between employers and a group of employees, often represented by a union, that outline the terms of employment.

Economic Reasons

Justifications or motivations based on financial or economic factors that influence decisions or policies.

Organize

The act of arranging or structuring elements in a systematic way, often to achieve specific goals or efficiencies.

Union Representation

The act of a labor union serving as the mediator and advocate for employees in negotiations and discussions with employers.