Examlex
Which of the following is an internal framework of hard parts?
Coordination of Benefits (COB)
A process whereby insurance companies share costs and determine payment responsibilities when a person is covered under multiple insurance plans.
Duplication of Payment
The act of making the same payment more than once, often due to administrative error or oversight, leading to unnecessary financial outlay.
Fee-For-Service
Payment for each service that is provided; individuals who choose to pay high premiums so that they have the flexibility to seek medical care from health care professionals of their choice.
High Premiums
A term related to insurance indicating a higher cost for coverage, usually due to perceived increased risk or higher value of what's being insured.
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