Which of the Following Phrases Is Not Descriptive of an Ordinary

question 140

Multiple Choice

Which of the following phrases is not descriptive of an ordinary annuity?

• A)Payments made at the beginning of equal periods of time
• B)Both present and future value can be calculated
• C)Compound interest assumed
• D)Series of equal payments

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Definitions:

Participating Provider

A healthcare provider who has agreed to accept predetermined fees for services provided to members of a specific insurance plan or network.

Insurer

An entity that provides insurance coverage to individuals or organizations, assuming the risk for specified losses.

Patient-Centered Medical Home (PCMH)

A health care delivery model designed to provide comprehensive, coordinated, and continuous care to patients with the goal of optimizing health outcomes.

Advance Beneficiary Notice (ABN)

Document used to notify a Medicare beneficiary that it is either unlikely that Medicare will pay or certain that Medicare will not pay for the service they are going to be provided. Beneficiaries are required to sign this document if they wish to have the service with the understanding that they will be responsible for payment.