NAB CORE RCAL-FINANCIAL EXAM
WITH CORRECT QUESTIONS AND
ANSWERS 2025
Medicare Part B - CORRECT-ANSWERSThe 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-ANSWERSThe 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-ANSWERSPrescription drug coverage
Anti Kickback Law - CORRECT-ANSWERSProhibits the solicitation, receiving, offering,
or paying of any remuneration directly or indirectly in cash or in kind in exchange.
Medicaid - CORRECT-ANSWERSA federal and state assistance program that pays for
health care services for people who cannot afford them.
HIPPA Title I - CORRECT-ANSWERSprotects health insurance coverage for workers
and their families when they lose their jobs. Coverage under COBRA for 18 months
, HIPPA Title II - CORRECT-ANSWERSnational standards for electronic healthcare
transactions, national identifiers for providers, confidential record keeping, access to
records
HIPPA CONT - CORRECT-ANSWERSW/out consent only for providing treatment,
obtaining payment, performing non treatment operational tasks
Sarbanes-Oxley Act - CORRECT-ANSWERSTruth 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-ANSWERSthe difference between the total debits and
the total credits in an account
Accrued interest payable - CORRECT-ANSWERScurrent liability
Amoritazation - CORRECT-ANSWERSthe paying off of a debt in regular installments
over a period of time
Assets - CORRECT-ANSWERSthe cash, inventory, property, plant, and equipment, and
other investments a company has made
WITH CORRECT QUESTIONS AND
ANSWERS 2025
Medicare Part B - CORRECT-ANSWERSThe 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-ANSWERSThe 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-ANSWERSPrescription drug coverage
Anti Kickback Law - CORRECT-ANSWERSProhibits the solicitation, receiving, offering,
or paying of any remuneration directly or indirectly in cash or in kind in exchange.
Medicaid - CORRECT-ANSWERSA federal and state assistance program that pays for
health care services for people who cannot afford them.
HIPPA Title I - CORRECT-ANSWERSprotects health insurance coverage for workers
and their families when they lose their jobs. Coverage under COBRA for 18 months
, HIPPA Title II - CORRECT-ANSWERSnational standards for electronic healthcare
transactions, national identifiers for providers, confidential record keeping, access to
records
HIPPA CONT - CORRECT-ANSWERSW/out consent only for providing treatment,
obtaining payment, performing non treatment operational tasks
Sarbanes-Oxley Act - CORRECT-ANSWERSTruth 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-ANSWERSthe difference between the total debits and
the total credits in an account
Accrued interest payable - CORRECT-ANSWERScurrent liability
Amoritazation - CORRECT-ANSWERSthe paying off of a debt in regular installments
over a period of time
Assets - CORRECT-ANSWERSthe cash, inventory, property, plant, and equipment, and
other investments a company has made
