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HMS, HAG EQ-Bank 1 MC

A low-income family had multiple medical appointments with specialists over a three-month period, resulting in high out-of-pocket expenses. After reaching a certain threshold, their out-of-pocket medical costs were significantly reduced for the remainder of the calendar year.

Which of the following enabled this reduction in medical costs?

  1. Medicare Safety Net
  2. Private health insurance
  3. Health care concession card
  4. Bulk billing incentive
Show Answers Only

\(A\)

Show Worked Solution
  • A is correct: Medicare Safety Net reduces costs after reaching annual threshold.

Other Options:

  • B is incorrect: Private insurance doesn’t use annual threshold system.
  • C is incorrect: Concession cards provide discounts not threshold-based reductions.
  • D is incorrect: Bulk billing eliminates gaps not threshold-based cost reduction.

Filed Under: Healthcare expenditure Tagged With: Band 4, smc-5482-20-Private insurance

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