flash cards

What is a health insurance exchange?

A mechanism that creates a marketplace for consumers to compare insurance offerings and purchase a plan that best fits their needs.

What is a health savings account (HSA)?

A means for individuals with high-deductible insurance coverage to save money for out-of-pocket costs in tax-free accounts.

What is the payment requirement of high-deductible insurance plans?

Patients must pay large amounts of money before the insurance plan covers costs.

What does HMO stand for, and what is its purpose?

Health Maintenance Organization; it provides comprehensive health care services within a geographic area on a prepaid basis, emphasizing preventive care.

What is a home health agency?

An organization that provides nursing and other professional services to patients at their place of residence.

What is hospice care?

Health care provided to manage symptoms for patients considered terminally ill, with a life expectancy of less than six months.