Health care Economics

Medicare, medicaid, and TRICARE are all

• Private insurance plans
• Managed care plans
• Government plans
• Direct payment methods

Medicaid

• Government program that pays unemployment
• Federal program that includes food stamps and payment to senior citizens the blind and disabled
• State public assistance program that helps pay health care costs for low income and disabled people
• Government programs that pay benefits to retired and disabled workers, their families, and the unemployed

Medicare

• Government program that provides health care for senior citizens
• Government programs that pay benefits to retired and disabled workers, their families, and the unemployed
• Economic side effect or byproducts that affect the uninvolved third parties
• State and federal public assistance program that helps pay health care costs for low income and disabled people

The monthly amount paid to private insurance company for health insurance coverage.

• Deductible
• Premium
• Co-insurance
• Co-pay

This is offered through an employer and involves funds to be put in and be withdrawn for medical expenses.

• Direct payment
• Flexible Spending Account
• HMO Plan
• Health savings account

Money a person pays before the insurance policy provides benefits.

• Deductible
• Premium
• Co-pay
• Co-insurance

This involves paying tax-free money until deductible is met, after which the insurance company pays.

• Direct payment
• Flexible spending account
• POS plan
• Health savings account

A flat fee paid to the service provider each time patient receives a health care service

• Co-insurance
• Premium
• Co-pay
• Deductible

People use this type of payment when their insurance doesn't cover all health care costs, when they don't have health insurance, or when they don't qualify for a government plan.

• Prospective payment
• Payroll deduction
• Direct payment  
• Co-insurance

True or False: Excess money is forfeited at the end of the year from a health savings account.

• True
• False