Practice Quiz

Health and Life Insurance

Category - HMOs

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One way HMOs differ from traditional health insurance is?
  1. HMO provides health care from medical groups
  2. Traditional provides for both health care and financial coverage
  3. HMO provides financial coverage
  4. HMO provides health care and financial coverage.
Explanation
Answer: D - One way HMOs differ from traditional health insurance is that HMOs provide health care and financial coverage. This is a dual function that traditional insurance companies do not offer. Traditional arrangements provide health care from the medical group and the financial coverage comes from the insurance company. HMOs provide both the health care services and coverage under the same plan.
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