Chapter 19 Dynamics of Health Care questions with correct answers

Co-insurance Answer a type of insurance in which the insured pays a share of the payment made against a claim Co-pay Answer a fixed amount for a covered service, paid by a patient to the insurance company before patient receives service from a physician Deductible Answer a specified amount of money that the insured must pay before an insurance company will pay a claim Diagnostic Related Groups Answer statistical system of classifying any inpatient stay into groups for the purposes of payment Direct Payment Answer another term for direct debit Flexible Spending Account Answer a special account you put money into that you use to pay for certain out-of-pocket health care costs. You don't pay taxes on this money. This means you'll save an amount equal to the taxes you would have paid on the money you set aside Gatekeeper Answer describe the person in charge of a patient's treatment Government Institution Answer Funded primarily by local, state, or federal sources