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Dynamics of Healthcare- Unit 2: Healthcare Economics
Questions with Answers (100% Correct Answers)
Co-Insurance Answer: plan where the insured is still responsible or part
of medical costs
Co-Pay Answer: flat fee paid each time a HC service is received
Deductible Answer: money a person pays before the insurance policy
provides benefits
Diagnostic Related Groups (DRGs) Answer: classification system that
forms standard fees for services based on average cost per person in
group
Direct Payment Answer: when patients pay for HC services with their
own money
Flexible Spending Account (FSA) Answer: offered through employer-
money put in through payroll deductions and can be withdrawn for
qualified medical expenses
© 2025 All rights reserved
Dynamics of Healthcare- Unit 2: Healthcare Economics
Questions with Answers (100% Correct Answers)
Co-Insurance Answer: plan where the insured is still responsible or part
of medical costs
Co-Pay Answer: flat fee paid each time a HC service is received
Deductible Answer: money a person pays before the insurance policy
provides benefits
Diagnostic Related Groups (DRGs) Answer: classification system that
forms standard fees for services based on average cost per person in
group
Direct Payment Answer: when patients pay for HC services with their
own money
Flexible Spending Account (FSA) Answer: offered through employer-
money put in through payroll deductions and can be withdrawn for
qualified medical expenses
© 2025 All rights reserved