True or False: The term "beneficiary" can be used interchangeably with "insured individual".

The term "beneficiary" typically refers to an individual designated to receive benefits or payments from an insurance policy or a government program. In health care, the beneficiary is usually someone who is eligible to receive health services or insurance coverage under a specific plan, such as Medicare or Medicaid.

On the other hand, the term "insured individual" refers specifically to a person who is covered by an insurance policy, meaning they are an active participant in a health insurance plan and entitled to receive benefits as outlined in that policy.

While both terms relate to health care coverage, they are not interchangeable. A beneficiary can be an insured individual, but not all beneficiaries are necessarily insured individuals in the context of health insurance, especially when the benefits pertain to a family member or dependent.

Thus, the correct understanding emphasizes the nuanced differences between the two terms, which makes the statement false.