Companies Can Choose from Which Four Classes of Health Insurance

question 23

Multiple Choice

Companies can choose from which four classes of health insurance programs? (Defining and Exploring Health Insurance Programs)

• A)Fee-for-service, managed care, point-of-service, consumer-driven health care
• B)Indemnity, health savings accounts, managed care, fee-for-service
• C)Point-of-service, fee-for-service, indemnity, managed care
• D)Self-funded, managed care, fee-for-service, point-of-service

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Definitions:

Cumulative Preferred Stock

A type of preferred stock where missed dividend payments accumulate and must be paid out before any dividends can be issued to common stockholders.

Dividend

A portion of a company's earnings that is distributed to shareholders as a reward for their investment.

Par Value

Par Value is the face value of a bond or share of stock as stated by the issuing company, and it's often a nominal amount used for accounting purposes.

Dividends Payable

This is a liability on the balance sheet representing the amount of dividends that a corporation has declared but not yet paid to its shareholders.