INSTRUCTIONS: Choose the Word or Phrase in [ ] Which

question 53

Multiple Choice

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.
-Surgical expense insurance would pay for cosmetic surgery [for a face lift | to reduce the size of your nose | only if deemed a medical necessity].

• A)for the first item
• B)for the second item
• C)if neither item will correctly complete the statement.

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Definitions:

Third-Party Payments

Transactions where a person or entity other than the direct participants (buyer and seller) undertakes to cover the cost or payment, commonly found in healthcare and insurance industries.

Medicare

A federal health insurance program in the United States primarily for people aged 65 and older, as well as for some younger people with disabilities.

Medicaid

A social health care program for families and individuals with low income and resources.

Medicare

A federal program providing health insurance to people over 65 and to certain younger people with disabilities, funded by payroll taxes, premiums, and the federal government.