Certified Financial Consultant (CFC) Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the Certified Financial Consultant Exam. Enhance your understanding with detailed questions, hints, and explanations. Boost your confidence for the CFC test!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

Which of the following statements about Blue Cross and Blue Shield organizations is NOT true?

They operate as member-owned organizations
They are insurance companies
They provide healthcare services
They offer different types of plans

The correct answer is: They are insurance companies

The correct response to the question pertains to the nature of Blue Cross and Blue Shield organizations. While they are often associated with health insurance, describing them strictly as "insurance companies" does not capture the full scope of their operations. Blue Cross and Blue Shield organizations function as member-owned entities that are community-oriented and often provide more than just insurance coverage. Their role extends to offering a range of healthcare services, including preventive care, wellness benefits, and other health-related resources. In addition, these organizations deliver various types of health plans, including HMO, PPO, and others, which cater to diverse healthcare needs and preferences. Emphasizing their multifaceted roles aids in understanding that they are not limited to the function of traditional insurance companies but embody a broader commitment to community health and member welfare.