Parity Laws for Insurance Coverage of Mental Health Treatment Mandate

question 163

Multiple Choice

Parity laws for insurance coverage of mental health treatment mandate that:

• A) physicians and psychologists must have the same level of education.
• B) coverage for mental and physical problems must be reimbursed equally.
• C) the number of sessions allowed for treatment of mental and physical treatment must be equal.
• D) patients must be allowed to choose the therapist they want for treatment.

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Definitions:

Maturity

The date when a financial instrument (like a bond) expires and the principal is to be paid back to creditors.

Annual Interest Rate

The percentage increase in money lent or invested over a one-year period, expressed as a percentage of the principal.

Cash Conversion Cycle

A metric that measures the time between when a company pays for its inventory and when it receives cash from selling it.

Inventory Turnover

A ratio indicating how many times a company’s inventory is sold and replaced over a specific period.