Practice Quiz

Health and Life Insurance

Category - HMOs

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What is the purpose of an HMO?
  1. Manage health care and costs
  2. Manage the providers of health care
  3. Increase in health care
  4. Decrease costs of health care
Explanation
Answer: A - The purpose of an HMO is to manage health care and costs. HMOs emphasize early treatment and prevention through a system of prepaid care. Through the prepayment system, the consumer is entitled to a wide range of services on a service-incurred basis. This is different from traditional insurance options where services are reimbursed to the consumer.
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