Matching -Point-Of-Service (POS)plan

question 30

Multiple Choice

Matching
-Point-of-service (POS) plan

• A)Type of managed care in which consumers are encouraged to stay within an approved network of providers but have more choices.
• B)A type of managed care that lets HMO consumers see a broader list of providers for an additional fee.
• C)A type of managed care in which most health care is funneled through and must be approved by the primary care doctor.
• D)A type of health insurance in which the insurer contracts with a defined group of health providers,which the consumer must use or face higher out-of-pocket costs.
• E)A type of managed care plan,sold individually to younger people,which carries lower costs but does not cover many services.

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Definitions:

Allowance for Doubtful Accounts

An estimation of the accounts receivable that may not be collected, serving as a contra account to accounts receivable.

Percentage of Receivables Basis

An accounting method to estimate the allowance for doubtful accounts based on the expected uncollectibility of accounts receivable.

Allowance for Doubtful Accounts

A contra-asset account that reduces the total receivables reported on the balance sheet to reflect the amount expected to be uncollectible.

Percentage of Sales Method

A method used for financial forecasting that predicts future occurrences, such as expenses or inventory needs, based on a fixed percentage of sales.