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Which Type of Health Insurance Is Compulsory and Funded by a Combination

question 97

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Which type of health insurance is compulsory and funded by a combination of employer and individual contribution through nonprofit insurance funds, often regulated and subsidized by the state?

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Definitions:

Certified Check

A payer’s check written and signed by the payer, which is stamped “certified” by the bank. The bank has already drawn money from the payer’s account to guarantee that the check will be paid.

Managed Care Organizations

Health organizations that provide medical care directly to the insured person with the aim to improve healthcare services while controlling costs.

Bilateral Agreement

A binding contract between two parties, often countries, to agree on specified actions, obligations, or concessions.

Outsourced Billing

The practice of hiring an external company to manage the invoicing and collection of payments for healthcare services.

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