What is insurance, and why is it used?
What will be an ideal response?
Insurance is a mechanism used for managing the financial exposure to risk by transferring risk from an individual to a group and by sharing losses on some equitable basis by all members of the group. In other words, insurance is purchased by individuals to protect themselves from the possibility of incurring a significant financial loss.
You might also like to view...
What two basic types of information are most useful in job analysis?
A) Job specifications and job audit B) Job description and job requirements C) Job description and job specifications D) None of the above
A Medicare-Medicaid (Medi-Medi) crossover plan provides both Medicare and Medicaid coverage to __________ beneficiaries with low incomes
a. Medicaid b. Medicare c. Medigap d. TRICARE
Which of the following is NOT a true statement of nurses' education?
a. Nurses are licensed by the state in which they practice. b. Nursing students complete a minimum of a 4-year course of study at a state-approved school of nursing. c. Training is oriented to bedside care. d. CAAHEP is not responsible for nurse education and accreditation.
Physician authentication of a discharge summary signifies the document to be genuine and true.
Answer the following statement true (T) or false (F)