What Is Notable About Medicare Advantage

question 7

Multiple Choice

What is notable about Medicare Advantage?

• A)Because it is a new program,no one has yet seen any problems with this aspect of Medicare.
• B)Insurance salespeople have been very careful in explaining this program to elderly persons.
• C)More insurance companies are marketing such plans to elderly persons.
• D)Unless the elderly person is very healthy,the plan may cost more than the original Medicare.

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Definitions:

Calculating Ratios

The process of determining the relationship between two or more financial figures, used to assess the financial health, performance, and efficiency of an entity.

Gross Profit

The financial metric reflecting the difference between the revenue and the cost of goods sold (COGS), indicating how much the company earns from its core operations.

Cost Of Goods Sold

Cost of goods sold (COGS) is the direct cost attributed to the production of the goods sold by a business, including materials and labor.

Operating Expenses

Costs associated with the day-to-day operations of a business, including rent, utilities, and salaries.