Which of the following types of insurance is correctly matched with its definition?

A) disability insurance: insurance in which, in return for a fixed monthly fee, individuals are allowed to choose from a restricted list of salaried doctors and other health professionals
B) fee-for-service medical plans: insurance that allows individuals to choose their physician or hospital, which performs treatment, then presents them or the insurer with a bill
C) health savings accounts: insurance designed to replace half or two-thirds of a worker's lost income when he or she can't work owing to illness or accident
D) managed care plans—preferred provider organizations: accounts created for individuals covered under high-deductible health plans to encourage them to set aside money for their medical expenses
E) managed care plans—health maintenance organizations: insurance that agrees to treat members of a sponsoring organization, such as an employer or union, at a discount but for a higher fee allows access to outside physicians


Answer: B
Explanation: B) Once the most common arrangement in the United States, fee-for-service medical plans allow individuals to choose their physician or hospital, which performs treatment, then presents them or the insurer with a bill.

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