A Health Insurance Policy with This Provision Lists Coverage in Terms

question 97

Multiple Choice

A health insurance policy with this provision lists coverage in terms of services, not dollar amounts.

• A) Assigned benefits
• B) Benefit limits
• C) Exclusions and limitations
• D) Internal limits
• E) Service benefits

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Definitions:

Traceable Fixed Expenses

Fixed costs directly associated with specific business segments, which would be eliminated if the segment was discontinued.

Net Operating Income

The amount of income generated from regular business operations after subtracting operating expenses but before taxes and interest.

Single Product

Refers to a business strategy or condition where a company focuses on producing and selling one specific product.

Absorption Costing

A costing method that includes all manufacturing costs, both direct and indirect, in the cost of a product.