NAB CORE RCAL-FINANCIAL EXAM
QUESTIONS AND ANSWERS
Medicare Part B -
correct answer ✅The part of the Medicare program that pays for
physician services, outpatient hospital services, durable medical
equipment, and other services and supplies.
Medicare Part A -
correct answer ✅The part of the Medicare program that pays for
hospitalization, care in a skilled nursing facility, home health care,
and hospice care.
Medicare Part D -
correct answer ✅Prescription drug coverage
Anti Kickback Law -
correct answer ✅Prohibits the solicitation, receiving, offering, or
paying of any remuneration directly or indirectly in cash or in kind
in exchange.
Medicaid -
correct answer ✅A federal and state assistance program that pays
for health care services for people who cannot afford them.
, NAB CORE RCAL-FINANCIAL EXAM
QUESTIONS AND ANSWERS
HIPPA Title I -
correct answer ✅protects health insurance coverage for workers
and their families when they lose their jobs. Coverage under COBRA
for 18 months
HIPPA Title II -
correct answer ✅national standards for electronic healthcare
transactions, national identifiers for providers, confidential record
keeping, access to records
HIPPA CONT -
correct answer ✅W/out consent only for providing treatment,
obtaining payment, performing non treatment operational tasks
Sarbanes-Oxley Act -
correct answer ✅Truth in financial reporting which provides SEC
oversight. Financials checked by independent auditors. Monitor and
report internal controls. Annual assessment due to SEC. CEO/CFO
must sign off on all audits.
account balance -
correct answer ✅the difference between the total debits and the
total credits in an account
QUESTIONS AND ANSWERS
Medicare Part B -
correct answer ✅The part of the Medicare program that pays for
physician services, outpatient hospital services, durable medical
equipment, and other services and supplies.
Medicare Part A -
correct answer ✅The part of the Medicare program that pays for
hospitalization, care in a skilled nursing facility, home health care,
and hospice care.
Medicare Part D -
correct answer ✅Prescription drug coverage
Anti Kickback Law -
correct answer ✅Prohibits the solicitation, receiving, offering, or
paying of any remuneration directly or indirectly in cash or in kind
in exchange.
Medicaid -
correct answer ✅A federal and state assistance program that pays
for health care services for people who cannot afford them.
, NAB CORE RCAL-FINANCIAL EXAM
QUESTIONS AND ANSWERS
HIPPA Title I -
correct answer ✅protects health insurance coverage for workers
and their families when they lose their jobs. Coverage under COBRA
for 18 months
HIPPA Title II -
correct answer ✅national standards for electronic healthcare
transactions, national identifiers for providers, confidential record
keeping, access to records
HIPPA CONT -
correct answer ✅W/out consent only for providing treatment,
obtaining payment, performing non treatment operational tasks
Sarbanes-Oxley Act -
correct answer ✅Truth in financial reporting which provides SEC
oversight. Financials checked by independent auditors. Monitor and
report internal controls. Annual assessment due to SEC. CEO/CFO
must sign off on all audits.
account balance -
correct answer ✅the difference between the total debits and the
total credits in an account
