Free AHIP AHM-520 Exam Questions
Absolute Free AHM-520 Exam Practice for Comprehensive Preparation
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AHIP AHM-520 Exam Questions
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Provided By: AHIP
- Exam: Health Plan Finance and Risk Management (AHM520)
- Certification: AHIP Certification
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Total Questions: 215
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Updated On: Jan 27, 2025
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Rated: 4.9 |
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Online Users: 430
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Question 1
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The following statements are about 501(c)(9) trusts. Select the answer choice containing the correct statement:
Answer: C
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The following statements are about 501(c)(9) trusts. Select the answer choice containing the correct statement:
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Question 2
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The purest form of a self-funded benefit plan is one in which the employer pays benefits from current revenue, administers all aspects of the plan, and bears the risk that actual benefit payments will exceed the expected amount of payments. A decision to use this kind of self-funding is generally considered most desirable when certain conditions are present.
These conditions most likely include that the benefit plan:
Answer: D
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The purest form of a self-funded benefit plan is one in which the employer pays benefits from current revenue, administers all aspects of the plan, and bears the risk that actual benefit payments will exceed the expected amount of payments. A decision to use this kind of self-funding is generally considered most desirable when certain conditions are present.
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Question 3
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The Fairway health plan is a for-profit health plan that issues stock. The following data was taken from Fairway's financial statements:
Current assets.....$5,000,000 -
Total assets.....$6,000,000 -
Current liabilities.....$2,500,000
Total liabilities.....$3,600,000
Stockholders' equity.....$2,400,000
Fairway's total revenues for the previous financial period were $7,200,000, and its net income for that period was $180,000.
For the previous financial period, Fairway's net profit margin was:
Answer: A
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The Fairway health plan is a for-profit health plan that issues stock. The following data was taken from Fairway's financial statements:
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Question 4
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Users of the Fulcrum Health Plan financial information include:
The independent auditors who review Fulcrum's financial statements
Fulcrum's controller (comptroller)
Fulcrum's plan members -
The providers that deliver healthcare services to Fulcrum plan members
Fulcrum's competitors -
Of these users, the ones that most likely can correctly be classified as external users with a direct financial interest in Fulcrum are the:
Answer: D
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Users of the Fulcrum Health Plan financial information include:
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Question 5
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In a fee-for-service (FFS) reimbursement method, providers are paid per treatment or per service that they provide.
One typical benefit of FFS reimbursement is that it:
Answer: B
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In a fee-for-service (FFS) reimbursement method, providers are paid per treatment or per service that they provide.