Which of the following MCOs typically has/have the lowest monthly premiums with lower patient financial responsibility?
A) Medicare/Medicaid
B) PPOs
C) HMOs
D) BC/BS
E) IPA

Question

Quizplus · Accepted Answer

HMO plans typically have the lowest monthly premiums among other health insurance plans, with lower patient financial responsibility. There are different types of managed care plans such as health maintenance organizations (HMOs) and preferred provider organizations (PPOs) that provide healthcare in return for scheduled payments and that coordinate healthcare through a defined network of primary care providers (PCPs), hospitals, and other providers. BC/BS offers incentive contracts to healthcare providers. PARs agree to write off the difference or balance between the amount charged by the provider and the approved fee established by the insurance plan. They also agree to bill the patient only for the deductible and co-pay/co-insurance amounts that are based on BC/BS allowed rates, and the full charge for any uncovered services.

Which of the Following MCOs Typically Has/have the Lowest Monthly