Question

In: Economics

1.Co-payments, as opposed to deductibles, and coverage only or primarily from a restricted network of health...

1.Co-payments, as opposed to deductibles, and coverage only or primarily from a restricted network of health care providers is commonly associated with

	a.	Social Security.
	b.	managed care health care plans.
	c.	indemnity health care plans.
	d.	workman's compensation insurance
	e.	Medicaid

2. Auto and homeowner's insurance generally provide complete payments for the losses they decide, after the _________ is met by the policyholder.

a.

co-payment

b.

co-insurance

c.

mutual fund payment

d.

entry fee

e.

deductible

3. The Principle of Indemnity states that insurance coverage

a.

should not be renewed after an adverse event occurs.

b.

should not be renewed at the same premium after an adverse event occurs.

c.

should be equal at all times to 80% of the loss or expense.

d.

should not be less than 100% of the loss or expense.

e.

should not be greater than 100% of the loss or expense.

Expert Solution

1) Solution: managed care health care plans

Explanation: Co-payments are associated to managed care health care plans as it has has restricted group for health care providers to be selected from

2) Solution: deductible

Explanation: A deductible refers to the amount that needs to be paid for covered services in healthcare insurance

3) Solution: should not be greater than 100% of the loss or expense

Explanation: According to the Principles of indemnity the insurer would make an agreement to be not paid more than the actual amount of loss

Rahul Sunny answered 2 years ago

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