Which Type of Health-Insurance Plan Allows You to Use Any

question 71

Multiple Choice

Which type of health-insurance plan allows you to use any medical provider you choose and then submit a bill to an insurance company that will pay part of the cost, leaving you to cover the rest?

• A) Medicare
• B) Point-of-service plan
• C) Fee-for-service plan
• D) Mini-med plan

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Definitions:

Fixed Costs

Costs that do not vary with the level of production or sales, including expenses like rent and salaries.

Variable Costs

Costs that vary directly with the level of production or output, such as raw materials and labor expenses.

Exponentiation

A mathematical operation involving two numbers, the base and the exponent, indicating how many times the base is multiplied by itself.

Principle Amount

The original sum of money borrowed in a loan or put into an investment.