A system by which a person (or the person's employer) pays an insurance company a yearly amount of money in exchange for the insurance company's paying some or most of the person's medical expenses for that year is

Question

Quizplus · Accepted Answer

This option describes the concept of health insurance, where an individual or their employer pays an annual premium to an insurance company in exchange for coverage of their medical expenses. This coverage can vary depending on the policy, but generally includes services such as doctor visits, hospitalizations, and prescription drugs. The other options listed (A, C, and D) describe specific payment or healthcare delivery models, but do not encompass the broader concept of health insurance.

A System by Which a Person (Or the Person's Employer)