Health Maintenance Organization (HMO)

Preferred Provider Organization (PPO)

Exclusive Provider Organization (EPO)

High-Deductible Health Plan (HDHP)

Lower premiums

Broader network of providers

Lower out-of-pocket costs

More flexibility in choosing providers

Higher premiums

Narrower network of providers

Higher out-of-pocket costs

Less flexibility in choosing providers

HMO

PPO

EPO

HDHP

Lower premiums

Higher out-of-pocket costs

Broader network of providers

More flexibility in choosing providers

$3,850

$4,650

$5,450

$6,250

A fine

Loss of tax credits

Both a fine and loss of tax credits

None of the above

Purchasing an individual health insurance plan

Joining a group health insurance plan

Qualifying for Medicaid or Medicare

Enrolling in a COBRA plan

18 years old

26 years old

35 years old

65 years old

Age

Gender

Health status

Occupation

To cover the cost of preventive care

To cover the cost of prescription drugs

To cover the cost of out-of-pocket expenses

To cover the cost of hospital stays

A copay is a fixed amount paid for a specific service, while a coinsurance is a percentage of the cost of a service.

A copay is a percentage of the cost of a service, while a coinsurance is a fixed amount paid for a specific service.

A copay is paid before receiving a service, while a coinsurance is paid after receiving a service.

A copay is paid to the insurance company, while a coinsurance is paid to the healthcare provider.

$8,700

$9,100

$9,500

$10,000

Choosing a plan with a higher deductible

Opting for a PPO plan instead of an HMO plan

Using a Health Savings Account (HSA)

Getting a group discount

To reimburse employees for healthcare expenses

To provide tax-free money for healthcare expenses

To cover the cost of health insurance premiums

To save money for future healthcare expenses