Matt Has a Health Care Plan That Provides Him Coverage

question 104

Multiple Choice

Matt has a health care plan that provides him coverage in such a way that allows him to be involved in making decisions to help lower costs.This plan typically includes insurance with a high deductible,a medical savings account,and ongoing health education.Which type of health care plan is Matt using?

• A) managed care
• B) health maintenance organization
• C) preferred provider organization
• D) flexible health plan
• E) consumer-driven health plan

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Definitions:

Mutual Funds

Financial instruments that aggregate funds from various investors to acquire a varied collection of equities, debts, or alternative assets.

Consumer Price Index

An index that measures the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care.

Substitutes

Products that serve similar purposes. An increase in the price of one will cause an increase in demand for the other (examples are hamburgers and tacos, butter and margarine, Chevrolets and Fords).

Cable TV

is a system of delivering television programming to consumers via radio frequency signals transmitted through coaxial cables.