1. What is the difference between co-pay and coinsurance? a. They mean the same thing and used by insurance companies interchangebly b. Coinsurance is a percentage and copay is a set amount c. Copay is a percentage and coinsurance is a set amount d. Coinsurance is the term used only for Medicare patients 2. What is capitation? a. Pre-established payments to providers for enrollees over a period of time, whether the patient is seen or not by the provider b. Payment for services rendered by providers and based many times on Medicare fee schedules c. Services that all inclusive for a procedure, typically 10, 30 or 90 days d. Health insurance plans that include preventive services

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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1. What is the difference between co-pay and coinsurance?
a. They mean the same thing and used by insurance
companies interchangebly
b. Coinsurance is a percentage and copay is a set amount
c. Copay is a percentage and coinsurance is a set amount
d. Coinsurance is the term used only for Medicare
patients
2. What is capitation?
a. Pre-established payments to providers for enrollees
over a period of time, whether the patient is seen or not by
the provider
b. Payment for services rendered by providers and based
many times on Medicare fee schedules
c. Services that all inclusive for a procedure, typically 10,
30 or 90 days
d. Health insurance plans that include preventive services
Transcribed Image Text:1. What is the difference between co-pay and coinsurance? a. They mean the same thing and used by insurance companies interchangebly b. Coinsurance is a percentage and copay is a set amount c. Copay is a percentage and coinsurance is a set amount d. Coinsurance is the term used only for Medicare patients 2. What is capitation? a. Pre-established payments to providers for enrollees over a period of time, whether the patient is seen or not by the provider b. Payment for services rendered by providers and based many times on Medicare fee schedules c. Services that all inclusive for a procedure, typically 10, 30 or 90 days d. Health insurance plans that include preventive services
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