Coinsurance Rates Are Generally Higher in HMOs Than in Fee-For-Service

question 33

True/False

Coinsurance rates are generally higher in HMOs than in fee-for-service plans. (Features of Health Maintenance Organizations)

---

Definitions:

Cash Discount

A reduction in the invoice price offered by the seller to encourage early payment by the buyer.

Invoice Date

The date when an invoice is issued, marking the beginning of the grace period for payment.

Partial Payment

A payment made that is not the full amount due but is accepted as a partial settlement of the total debt.

Cash Discount

A reduction in the price of an item or service provided by the seller to the buyer for prompt payment.