Insurance plans and petty cash

timer Asked: Mar 9th, 2019
account_balance_wallet $15

Question Description

Part VI

Types of Insurance Plans

Insurance plans are set up in a variety of ways. Each type of insurance plans has its own unique characteristics, but many plans use a combination of the more desirable features of each type of insurance in order to attract customers.

List and explain each of the following: Fee-for-service, HMO, PPO, Medicare, Medicaid, Tricare, CHAMPVA, Workers' Compensation, Private Health Insurance (BCBS), Disability and Long-term Care insurance.

Petty Cash

From time to time, small amounts of cash are needed in the medical office, for certain expenses that are often less than $10. The purpose of a petty cash fund is to enable the staff to purchase items of small value quickly and easily.

List the seven steps that are needed to maintain a petty cash fund of $100.

This week your Final Course Project is due. You will need to submit revised Parts I, II, III, IV, and V along with Part VI to the drop box.

A Title Page, Table of Contents, and two properly formatted references for each part are also required.

Tutor Answer

School: Duke University



Running head: POWER STRUGGLE

Insurance Plans and Petty Cash
The institution of Affiliation:

Types of Insurance Plans
The FFS is the payment made when services are billed separately. It offers an
encouragement to the practitioners to offer more treatment options since it is dependent on the
quantity, rather than the quality of services provided.
Health Maintenance Organization (HMO)
The health services in the HMO are delivered through an interconnected network
of caregivers and institutions. One can see a doctor outside the network but will be charged
more. The characteristics of the HMO include:

Lower degrees of freedom of the choice of one’s healthcare providers

A minimal amount of paperwork in comparison to other insurance plans

The presence of a primary caregiver who manages and refers one to different specialists;
a majority of HMOs need a referral before a specialist appointment

Preferred Provider Organization (PPO)
In the PPO, one can see a doctor outside the network but will be charged more.
This package includes:

Moderate degrees of freedom of the choice of one’s health care pro...

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Thanks, good work

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