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The beneficiary is the person who is paying for the health insurance plan.

Select one:
a) True
b) False

User Yabada
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1 Answer

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Final answer:

The statement is false; the beneficiary is the one who receives coverage from a health insurance plan, not the person who pays for it.

Step-by-step explanation:

The statement "The beneficiary is the person who is paying for the health insurance plan" is false. The beneficiary of a health insurance plan is the person who receives the benefits, or the coverage, from the plan, not the one who pays for it. Those who pay for the health insurance plan are typically referred to as the policyholders or subscribers. It's important to understand the distinction, especially when considering various healthcare systems and insurance terms such as deductibles, copayments, and coinsurance, which affect how much a policyholder is financially responsible for in terms of healthcare costs.

User Jinlye
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