Each of the Four Spending Components Depends on Income

question 176

True/False

Each of the four spending components depends on income.

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Definitions:

Preferred Provider Organization

A type of health plan that contracts with medical providers, such as hospitals and doctors, to create a network of participating providers; you pay less if you use providers that belong to the plan’s network.

Health Care Organization

An institution that provides medical services, ranging from preventive care to treatment and management of illnesses and diseases.

Deductible

In insurance, it is the amount that must be paid out of pocket by the policyholder before an insurance provider will cover any expenses.

Copayment

A fixed amount paid by a patient for a covered healthcare service, with the remaining balance covered by their insurance.