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1. What are the three major payer categories? A. Personal health B. Employee health C. Family...
3. Match the financial classes in the first column to their definitions in the second column....
3. Match the financial classes in the first column to their definitions in the second column. Commercial insurance A. Countrywide health program for certain people and families with low income and resources. It is jointly funded by the Guarantor federal government and the individual states and is run by Medicaid each individual state. Workers compensation B. Includes all of the insurance companies who provide coverage Employee health to employers for when their employees are injured while working. Medicare C. Includes...
5) What program targets children whose family income level is too high to qualify for Medicaid...
5) What program targets children whose family income level is too high to qualify for Medicaid but that does not allow funds to pay for private healthcare insurance? (5pts) 6) Which TRICARE program is the most economical program for military families, and why is it less (Spts) expensive than the other options? 7) What program covers healthcare costs and lost income from work-related injuries or illness of (5pts) federal government employees? (5pts) 8) CHIP plans must include inpatient hospital, outpatient...
M U T a le Te Urus compromised for all reported breaches affecting 500 individuals or...
M U T a le Te Urus compromised for all reported breaches affecting 500 individuals or more has risen. Chapter 1 Review Exercises 1. In 1965, what programs were developed making the US government the largest payer of healthcare services? a. Medicare and Tricare wollen dood b. Medicare and Medicaid c. Medicaid and Bureau of Workers' Compensation d. Medicare and Bureau of Workers' Compensation 2. Which federal legislation requires US citizens to have health insurance coverage? a. Health Insurance Portability...
the U.S result in better 27) Which of the following rega care is false? A. It imits patients' choice of doctors B....
the U.S result in better 27) Which of the following rega care is false? A. It imits patients' choice of doctors B. It provides incentives for overtreatment C It provides incentives to keep patients healthy D. It has helped to control medical costs 28). All of the followine eroups have higher than average rates of being uninsurd A. Children B. Young adults C. Racial and ethnic minorities D. People with chronic diseases 29). Which of the following statements is false?...
Which of the following statements is TRUE regarding the Affordable Care Act (commonly known by some...
Which of the following statements is TRUE regarding the Affordable Care Act (commonly known by some as "Obamacare")? Please read each statement carefully. Treat each response below as its own Trua/False question. This is based off Box 13.3 in your textbook. Select one or more: a. If you do not get health insurance from your employer, and you are not eligible for Medicare or Medicald, you are required to purchase health insurance from a private company. If you do not,...
Benefits Required by Law Several forces have made benefits a signficant part of employee compensation packages....
Benefits Required by Law Several forces have made benefits a signficant part of employee compensation packages. For example, both federal and state laws require employers to pay certain benefits to employees, such as contributions to Social Security and unemployment insurance. change Concept Review paragraph to read as follows: State and federal laws require that employers offer specific benefits to their employees, and the costs of these benefits are high. Out of every dollar spent on compensation by U.S. companies, more...
Someone post from a discussion question... (Respond to it) Medicare is a federal program that provides...
Someone post from a discussion question... (Respond to it) Medicare is a federal program that provides health coverage if you are 65+ or under 65 and have a disability, no matter your income. Medicaid is a state and federal program that provides health coverage if you have a very low income. Medicaid offers care to the poorest families while CHIP extends coverage to a larger number of children. Care through the Medicaid program may be more extensive, but the CHIP...
Bluebird, Inc., does not provide its employees with any tax-exempt fringe benefits. The company is considering...
Bluebird, Inc., does not provide its employees with any tax-exempt fringe benefits. The company is considering adopting a hospital and medical benefits insurance plan that will cost approximately $9,000 per employee. To adopt this plan, the company may have to reduce salaries and/or lower future salary increases. Bluebird is in the 25% (combined Federal and state rates) bracket. Bluebird is also responsible for matching the Social Security and Medicare taxes withheld on employees' salaries (at the full 7.65% rate). The...
5. The federal unemployment tax is levied on a. employees and employers. b. employers and is...
5. The federal unemployment tax is levied on a. employees and employers. b. employers and is deducted from employees' earnings. c. employees and is deducted from customer payments. d. employers and is not deducted from employees' earnings. 6. A self-employment tax is required of an individual who owns his or her own business and makes a. $400 or more. b. $1 or more. c. $1,000 or more. d. $200 or more. 7. Which of the following tax programs often has...
Which of the following statements is TRUE regarding the Affordable Care Act (commonly known by some as "Obamaca...
Which of the following statements is TRUE regarding the Affordable Care Act (commonly known by some as "Obamacare")? Please read each statement carefully. Treat each response below as its own Trua/False question. This is based off Box 13.3 in your textbook. Select one or more: a. If you do not get health insurance from your employer, and you are not eligible for Medicare or Medicald, you are required to purchase health insurance from a private company. If you do not,...
3. Match the financial classes in the first column to their definitions in the second column. Commercial insurance A. Countrywide health program for certain people and families with low income and resources. It is jointly funded by the Guarantor federal government and the individual states and is run by Medicaid each individual state. Workers compensation B. Includes all of the insurance companies who provide coverage Employee health to employers for when their employees are injured while working. Medicare C. Includes...
5) What program targets children whose family income level is too high to qualify for Medicaid but that does not allow funds to pay for private healthcare insurance? (5pts) 6) Which TRICARE program is the most economical program for military families, and why is it less (Spts) expensive than the other options? 7) What program covers healthcare costs and lost income from work-related injuries or illness of (5pts) federal government employees? (5pts) 8) CHIP plans must include inpatient hospital, outpatient...
M U T a le Te Urus compromised for all reported breaches affecting 500 individuals or more has risen. Chapter 1 Review Exercises 1. In 1965, what programs were developed making the US government the largest payer of healthcare services? a. Medicare and Tricare wollen dood b. Medicare and Medicaid c. Medicaid and Bureau of Workers' Compensation d. Medicare and Bureau of Workers' Compensation 2. Which federal legislation requires US citizens to have health insurance coverage? a. Health Insurance Portability...
the U.S result in better 27) Which of the following rega care is false? A. It imits patients' choice of doctors B. It provides incentives for overtreatment C It provides incentives to keep patients healthy D. It has helped to control medical costs 28). All of the followine eroups have higher than average rates of being uninsurd A. Children B. Young adults C. Racial and ethnic minorities D. People with chronic diseases 29). Which of the following statements is false?...
Which of the following statements is TRUE regarding the Affordable Care Act (commonly known by some as "Obamacare")? Please read each statement carefully. Treat each response below as its own Trua/False question. This is based off Box 13.3 in your textbook. Select one or more: a. If you do not get health insurance from your employer, and you are not eligible for Medicare or Medicald, you are required to purchase health insurance from a private company. If you do not,...
Bluebird, Inc., does not provide its employees with any tax-exempt fringe benefits. The company is considering adopting a hospital and medical benefits insurance plan that will cost approximately $9,000 per employee. To adopt this plan, the company may have to reduce salaries and/or lower future salary increases. Bluebird is in the 25% (combined Federal and state rates) bracket. Bluebird is also responsible for matching the Social Security and Medicare taxes withheld on employees' salaries (at the full 7.65% rate). The...
Which of the following statements is TRUE regarding the Affordable Care Act (commonly known by some as "Obamacare")? Please read each statement carefully. Treat each response below as its own Trua/False question. This is based off Box 13.3 in your textbook. Select one or more: a. If you do not get health insurance from your employer, and you are not eligible for Medicare or Medicald, you are required to purchase health insurance from a private company. If you do not,...
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