Asked by Giovana Pierre Louis on May 09, 2024
Verified
The traditional type of insurance that once covered the cost of medical care is fast becoming extinct.Even though traditional private insurance is fading,there are still individuals who choose to pay high premiums so that they have the flexibility to seek medical care from health care professionals of their choice.This type of care is still very attractive to many individuals who want the freedom to seek care from any provider and not worry about whether they are remaining in their network,and is known as:
A) fee-for-service
B) preferred provider selection
C) primary care insurance
D) none of the above
Fee-For-Service
Payment for each service that is provided; individuals who choose to pay high premiums so that they have the flexibility to seek medical care from health care professionals of their choice.
High Premiums
A term related to insurance indicating a higher cost for coverage, usually due to perceived increased risk or higher value of what's being insured.
- Penetrate the essence and utilities of different health insurance terms and policies.
- Identify the types of insurance plans and their unique features, including indemnity plans, HMOs, and PPOs.
Verified Answer
PT
prashant tiwariMay 13, 2024
Final Answer :
A
Explanation :
Fee-for-service insurance allows individuals to seek medical care from health care professionals of their choice, paying high premiums for the flexibility and freedom to choose any provider without worrying about network restrictions.
Learning Objectives
- Penetrate the essence and utilities of different health insurance terms and policies.
- Identify the types of insurance plans and their unique features, including indemnity plans, HMOs, and PPOs.
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