Which of the Following Is a Feature of a Fee-For-Service

question 63

Multiple Choice

Which of the following is a feature of a fee-for-service health-care plan?

• A) There may be a limited number of physicians and specialists for the employee to see.
• B) The prior approval from the primary care physician is required before seeing specialists.
• C) There is an out-of-pocket expense for the employee when he/she goes outside the plan to visit a doctor.
• D) People are required to pay for medical expenses out of pocket and later reimburse them.
• E) All medical facilities obtained will usually require a copayment by the employee.

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Definitions:

Cost Of Goods Sold

The direct costs attributable to the production of the goods sold in a company, including materials and labor.

Merchandise

Goods or products that are bought and sold by businesses in the course of trade.

Credit Terms

Conditions under which a seller extends credit to a buyer, including payment deadlines and interest rates.

Discount Period

The time frame during which a payment can be made at a reduced rate before the full amount becomes due.