New York Insurance Exam Practice Question
Which of the following is a feature of a POS health plan?
Correct Answer: B
Rationale: A feature of a POS (Point of Service) health plan is that it combines elements of both HMO (Health Maintenance Organization) and PPO (Preferred Provider Organization) plans. This allows members to choose between receiving care from a network of providers or going out-of-network, albeit at a higher cost.
Option A is incorrect as POS plans do offer some out-of-network coverage, unlike HMOs. Option C is misleading; while some POS plans may have low or no deductibles, this is not universally true. Option D is also incorrect because POS plans do not guarantee premium refunds, which are not a standard feature in health insurance plans.
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