CHAMPVA is administered by the Department of Veterans Affairs with the VA sharing the cost of care.

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Prepare for the Healthcare Finance Exam. Use flashcards and multiple-choice questions, each with hints and explanations. Get ready for your exam!

Multiple Choice

CHAMPVA is administered by the Department of Veterans Affairs with the VA sharing the cost of care.

Explanation:
CHAMPVA is a program run by the Department of Veterans Affairs that provides health coverage to eligible dependents of veterans. The VA administers the program and shares the cost of care with beneficiaries, paying a large portion of approved medical expenses while the beneficiary may owe certain out-of-pocket costs as defined by CHAMPVA. This is why the statement is true: the VA administers CHAMPVA and shares in the cost of care. The other options don’t fit because CHAMPVA is an active VA program with cost-sharing, not something not applicable or not stated.

CHAMPVA is a program run by the Department of Veterans Affairs that provides health coverage to eligible dependents of veterans. The VA administers the program and shares the cost of care with beneficiaries, paying a large portion of approved medical expenses while the beneficiary may owe certain out-of-pocket costs as defined by CHAMPVA. This is why the statement is true: the VA administers CHAMPVA and shares in the cost of care. The other options don’t fit because CHAMPVA is an active VA program with cost-sharing, not something not applicable or not stated.

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