Medicare Part a Is Based on What Type of Health

question 28

Multiple Choice

Medicare Part A is based on what type of health care option?

• A)preferred provider plan
• B)medical savings account
• C)managed care plan
• D)fee-for-service

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Definitions:

Transaction Data

Information collected about each specific activity that takes place within a business, which can be used for various financial and management analysis purposes.

Journal

A daily record of financial transactions, providing a detailed account of all entries for each transaction.

Chart of Accounts

An organized list of all ledger account titles and numbers used by a company, serving as a framework for the recording of financial transactions.

Asset Accounts

Accounts that track the value of the resources owned by a business, which can include cash, inventory, equipment, and real estate.