MA116 Insurance Billing Key Concepts
UPDATED ACTUAL Exam Questions and
CORRECT Answers
RBRVS - CORRECT ANSWER - A system used to determine physician payment based
on the value of services.
Medicaid - CORRECT ANSWER - Joint federal and state program for low-income
individuals and families.
TRICARE - CORRECT ANSWER - Health insurance for military personnel and their
families.
Group policy - CORRECT ANSWER - An insurance policy that covers a group of people
under one contract.
Independent Practice Association (IPA) - CORRECT ANSWER - Group of independent
physicians who join to contract with insurance plans.
AFDC - CORRECT ANSWER - Aid to Families with Dependent Children - former
federal assistance program replaced by TANF.
Medicare Part B - CORRECT ANSWER - Outpatient care, doctor visits, preventive
services, and durable medical equipment.
Medicare Part D - CORRECT ANSWER - Which Medicare part covers prescriptions.
Medigap policies - CORRECT ANSWER - Gaps in Original Medicare such as
coinsurance, copayments, and deductibles.
UPDATED ACTUAL Exam Questions and
CORRECT Answers
RBRVS - CORRECT ANSWER - A system used to determine physician payment based
on the value of services.
Medicaid - CORRECT ANSWER - Joint federal and state program for low-income
individuals and families.
TRICARE - CORRECT ANSWER - Health insurance for military personnel and their
families.
Group policy - CORRECT ANSWER - An insurance policy that covers a group of people
under one contract.
Independent Practice Association (IPA) - CORRECT ANSWER - Group of independent
physicians who join to contract with insurance plans.
AFDC - CORRECT ANSWER - Aid to Families with Dependent Children - former
federal assistance program replaced by TANF.
Medicare Part B - CORRECT ANSWER - Outpatient care, doctor visits, preventive
services, and durable medical equipment.
Medicare Part D - CORRECT ANSWER - Which Medicare part covers prescriptions.
Medigap policies - CORRECT ANSWER - Gaps in Original Medicare such as
coinsurance, copayments, and deductibles.
