Florida Insurance Licensing Practice Exam

What type of health insurance plan usually offers the broadest coverage at the lowest cost with the most freedom of choice?

1. Group insurance PPO

2. Group insurance HMO

3. Private insurance policy

4. Private insurance HMO

The correct answer is: Group insurance PPO

This question is asking about the type of health insurance plan that offers the broadest coverage at the lowest cost with the most freedom of choice. Out of the given choices, option A, Group insurance PPO, is the correct answer. Group insurance PPO plans typically have a wide network of healthcare providers and allow members to see specialists without a referral. They also offer the most flexibility in terms of choosing healthcare providers and do not require members to have a primary care physician. Options B and D, Group insurance HMO and Private insurance HMO, respectively, have more restrictions and limitations on healthcare coverage and options. Option C, Private insurance policy, may offer more coverage and options than an HMO plan, but typically at a higher cost. Therefore, A is the best choice in terms of broad coverage, low cost, and freedom of choice.