A Type of Managed Care Organization Created by the 1982

question 87

Multiple Choice

A type of managed care organization created by the 1982 Tax Equity and Fiscal Responsibility Act (TEFRA) that allows for enrollment of Medicare beneficiaries into managed care plans is a/an

• A) preferred provider organization (PPO).
• B) competitive medical plan (CMP).
• C) independent practice association (IPA).
• D) point-of-service plan (POS).

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Definitions:

Net Income

The total earnings of an individual or corporation, after all taxes and deductions have been subtracted from total revenue.

Schedule E

A tax document utilized to declare earnings and deficits from real estate rentals, royalty payments, partnerships, S corporations, estates, and trusts.

Schedule D

A form used with IRS tax returns to report capital gains and losses from transactions of capital assets.

Schedule K-1

A tax document issued for an investment in partnership entities, used to report the income, losses, and dividends of partners.