ECONOMICS
INSURANCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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HMO
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PPO
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Medicaid
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Medicare
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Detailed explanation-1: -Subscribers of healthcare plans get to choose between Preferred Provider Organization (PPO) or Health Maintenance Organisation (HMO). In a PPO, medical services are provided to the subscribed on demand at a reduced rate, as agreed during subscribing it.
Detailed explanation-2: -A Group Health Insurance is a type of health insurance plan that covers for a group of people who work under the same organization. This is often offered as a valuable benefit for employees as the premium for the same is borne by the employer.
Detailed explanation-3: -A type of health plan that contracts with medical providers, such as hospitals and doctors, to create a network of participating providers. You pay less if you use providers that belong to the plan’s network.
Detailed explanation-4: -EPOS (exclusive provider organizations) combine features of HMOs and PPOs. They have exclusive networks like HMOs do, which means they are usually less expensive than PPOs. But as with PPOs, you’ll be able to make your own appointments with specialists.