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Health and Life Insurance

Category - Theory

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What is a multiple option plan?

Plan with multiple coverage options
Plan with multiple providers
Plan with services of multiple groups
None of these

Explanation

Answer: C - A multiple option plan is a plan with services of multiple groups. The multiple option plan is an integrated plan that can include services of an HMO, PPO, EPO and/or indemnity plan. These are all administered through a single vendor, usually the insurance company. Multiple option plans offer the insured more options in coverage.

Theory

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Health and Life Insurance

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Health and Life Insurance

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