Certified Medical Assistant Practice Exam

Insurance policies that include coverage on a fee-for-service basis are called:

1. Universal insurance policies

2. Managed care policies

3. Medicaid policies

4. Traditional insurance policies

The correct answer is: Traditional insurance policies

Insurance policies that include coverage on a fee-for-service basis are typically referred to as traditional insurance policies. In fee-for-service models, healthcare providers are paid for each service performed, with no restrictions on which providers a patient can see. This contrasts with managed care policies (option B), where patients are usually required to see healthcare providers within a specific network and follow certain protocols for care. Universal insurance policies (option A) aim to provide healthcare coverage for all individuals within a particular region or country, regardless of their ability to pay. Medicaid policies (option C) are specific government programs in the United States that provide healthcare coverage for individuals and families with low incomes.