Health Care Economics for Management
& Practice Comprehensive Final Exam
Guide 2024/2025
Co-pay - ANS >>A fixed fee that an individual pays for specific medical services, like a visit to the doctor's
office.
Co-insurance - ANS >>the percentage of the bill for services that the policy holder must pay
Deductible - ANS >>Specified amount of money that the insured must pay for covered medical expenses
before the insurance policy begins to pay; usually annual amount per individual or family
health insurance - ANS >>Insurance that covers medical illness or injury.
Medicaid - ANS >>Federal program that provides medical benefits for low-income persons.
network - ANS >>group of health care providers attached to a specific health insurance company
out-of-pocket limit - ANS >>The most money that you would pay in a year for your healthcare.
Premium - ANS >>Amount you pay monthly, quarterly, semiannually or annually to purchase different
types of insurance
beneficiary - ANS >>one who receives benefits
ACA - ANS >>Affordable Care Act
& Practice Comprehensive Final Exam
Guide 2024/2025
Co-pay - ANS >>A fixed fee that an individual pays for specific medical services, like a visit to the doctor's
office.
Co-insurance - ANS >>the percentage of the bill for services that the policy holder must pay
Deductible - ANS >>Specified amount of money that the insured must pay for covered medical expenses
before the insurance policy begins to pay; usually annual amount per individual or family
health insurance - ANS >>Insurance that covers medical illness or injury.
Medicaid - ANS >>Federal program that provides medical benefits for low-income persons.
network - ANS >>group of health care providers attached to a specific health insurance company
out-of-pocket limit - ANS >>The most money that you would pay in a year for your healthcare.
Premium - ANS >>Amount you pay monthly, quarterly, semiannually or annually to purchase different
types of insurance
beneficiary - ANS >>one who receives benefits
ACA - ANS >>Affordable Care Act
