If a Physician's Office Provides Services That Are Excluded from an Insurance

question 44

Short Answer

If a physician's office provides services that are excluded from an insurance policy, the:
A)patient must pay 100% of the cost.
B)insurance carrier will pay 100% of the cost.
C)physician must write off the charges.
D)patient must pay 80% of the cost after a deductible.

• A)patient must pay 100% of the cost.
• B)insurance carrier will pay 100% of the cost.
• C)physician must write off the charges.
• D)patient must pay 80% of the cost after a deductible.

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Definitions:

Transportation Problem

An optimization and logistics issue focusing on finding the most efficient means of transporting goods from several suppliers to several consumers to minimize cost.

Minimum Cost

The least possible expense that can be incurred in the acquisition of a good, service, or the execution of a project or process.

Supply

The total amount of a product or service that is available for purchase at any given time.

Demand

The consumer's desire and willingness to pay for a product or service, influencing its market price and quantity.