Question

Medical expense insurance that lets the insured get health care from an unrestricted group of providers is called:

A. benefit schedule coverage
B. comprehensive care coverage
C. fee-for-service coverage
D. any provider coverage

Answer 1

Medical expense insurance that allows insured individuals to receive health care from any provider is known as fee-for-service coverage, which reimburses care providers based on the cost of the services provided.

Step-by-step explanation:

Medical expense insurance that lets the insured get health care from an unrestricted group of providers is called fee-for-service coverage. This type of coverage allows policyholders to choose any healthcare provider and receive services. The medical care providers are then reimbursed according to the cost of the services they provide. This stands in contrast to health maintenance organizations (HMOs), where care providers are paid a fixed amount per person enrolled, regardless of the services provided. Fee-for-service systems provide flexibility for patients but can be more expensive, and are subject to issues like adverse selection, where insurance may become unattractive to low-risk individuals due to high costs and more appealing to high-risk individuals due to the perceived value.