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HCM 480 EXIT EXAM QUESTIONS & ANSWERS 2024/2025 $7.99   Add to cart

Exam (elaborations)

HCM 480 EXIT EXAM QUESTIONS & ANSWERS 2024/2025

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  • HCM 480

HCM 480 EXIT EXAM QUESTIONS & ANSWERS 2024/2025 Know what happens economically as a result of unemployment and loss of insurance - ANSWERSLOOK UP Generally speaking, when demand for medical services goes down- like during periods of unemployment when people lose their insurance coverage- pr...

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  • September 19, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • HCM 480
  • HCM 480
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HCM 480 EXIT EXAM QUESTIONS &
ANSWERS 2024/2025

Know what happens economically as a result of unemployment and loss of insurance - ANSWERSLOOK
UP



Generally speaking, when demand for medical services goes down- like during periods of unemployment
when people lose their insurance coverage- prices will:

A) Rise gradually

B) Rise sharply

C) Decline

D) Demand and prices are not related - ANSWERSC) Decline



Deductible - ANSWERSmoney the patient has to spend before insurance pays anything



Co-payment - ANSWERSa fixed amount the patient pays to use the insurance



Premium - ANSWERSamount paid, usually per month, for the insurance policy



Out of pocket maximum - ANSWERSthe limit of out of pocket fees someone pays



Limit balance billing - ANSWERSDoctors cannot split Medicare Participation; Physicians not participating
in Medicare are limited to collecting more than 109% from Medicare Patients



Indemnity - ANSWERSreimburse the patient for the cost, some fixed amount or percentage of cost



Pure Premium - ANSWERSthe amount of the premium allocated to cover the risk of loss

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