What kind of health insurance system is federally funded? Select all that apply.

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Medicare is a type of insurance plan that is funded by the federal government. People who are 65 years or older are eligible for Medicare, regardless of their financial situation. Medicaid is another type of insurance plan that is funded by the federal government. Medicaid helps people with low incomes to pay for health care. Elderly people, as well as those who are disabled, may also be eligible, especially if they have limited incomes. Precertification is a term that describes authorization for a specific medical procedure before it is done. A preferred provider organization (PPO) is a type of managed care system. Managed care systems assist in delivering health care to people who need it by arranging contacts with various health care providers. In a PPO, health care providers receive a standard payment from an insurance company as total payment for their services. In return for seeking care only from the health care providers who are part of the PPO network, the insured person usually obtains that care at a reduced cost to himself or herself. Acute care provides care to clients experiencing a serious disease or surgery and requires care around the clock.

What Kind of Health Insurance System Is Federally Funded? Select