Question

if a family on a very tight budget has the choice between signing up for fee - for - service medical insurance or joining an hmo, and the premiums are the same, which plan is likely to provide the family with less expensive medical care over a years time? a. each plan will cost the same b. you cant tell which plan in advance c. the hmo plan d. the fee - for - service plan

Explanation:

HMOs typically have lower - out - of - pocket costs as they have a network of providers and often require referrals. With equal premiums, an HMO is likely to be less expensive overall for a family on a tight budget since fee - for - service plans can lead to higher costs for out - of - network care and lack of cost - control mechanisms like referrals.

Answer:

C. The HMO plan