Private health insurance plans contain all of the following coverage except

A$)$ hospital insurance.

B$)$ nursing home insurance.

C$)$ physician insurance.

D$)$ surgical insurance.

Indemnity health plans

A$)$ greatly restrict the choice of health care providers.

B$)$ require you to pay the doctor and then get reimbursed.

C$)$ require you to get approval to see a specialist.

D$)$ are the least expensive of all health care plans.

Compared to indemnity plans, what is an advantage of managed health care plans?

A$)$ You will have lower insurance premiums.

B$)$ There are no out$-$of$-$pocket expenses required.

C$)$ You have greater choices of health care providers.

D$)$ They are very efficient in their handling of paperwork.

Which of the following is an advantage of a PPO compared to an HMO?

A$)$ The premiums are lower.

B$)$ There are more choices of specialized health care providers.

C$)$ There are no out$-$of$-$pocket expenses.

D$)$ No approval is needed to see a specialist.

insurance serves as a backup for expenses not covered by basic health insurance.

A$)$ Excess hospitalization insurance

B$)$ Surgical expense insurance

C$)$ Major medical insurance

D$)$ Physician expense insurance

How much would be owed by the patient on a $$3,000$ bill if a PPO uses a discount on charge arrangement wherein the percentage paid to the provider is $70$ percent and the patient's co$-$pay, as specified by the PPO, is $20$ percent?

A$)$ $$600$

B$)$ $$700$

C$)$ $$420$

D$)$ $$200$

An account that allows employees to use pre$-$tax income to pay for medical expenses is a

A$)$ HMO.

B$)$ PPO.

C$)$ flexible spending account.

D$)$ medical savings account.