Translate what indemnity plan, HMO, PPO, POS plans are (do not just provide definitions). What are some similarities/differences, advantages/disadvantages? How would any of these characteristics affect the health care coverage choice of a household?

Address questions such as:

• What are the trade-offs that a household should consider (premium costs to the level of choice? For example, what if the household preferred a high level of freedom choice? What if the household wanted to keep costs low? What if the household preference was the most freedom of choice? Which plan would I select?