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What type of plan is generally best to put a cost-share protected member on?

A) Plan A
B) Plan B
C) Plan C
D) Plan D

User Teflon
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1 Answer

3 votes

Final answer:

Plan B is the best option for a cost-share protected member because it offers a wider range of coverage including physician services, medical tests, and outpatient visits (B). The plan also receives substantial governmental support, reducing the individual's share of the costs.

Step-by-step explanation:

The question refers to choosing the best type of plan for a cost-share protected member. Analyzing the provided information, it seems that Plan B is generally the best option to put a cost-share protected member on. According to Part B description, it covers health-care costs outside of hospital stays, including physician services, medical tests, and outpatient visits. Though participants do pay a monthly fee, deductible charges, and copayments, the government subsidizes approximately three-quarters of the overall costs, making it a conservative and protective option for cost-sharing.

The decision-making process is akin to assessing asymmetric risk in the face of a potential devastating threat. Plan A appears to be the natural response if the threat is not believed to be a concern, whereas Plan B is better suited for mitigating a recognized threat. Considering a cost-share protected member typically wishes to minimize out-of-pocket expenses while having wider health coverage, Plan B aligns with this preference, offering a buffer against catastrophic financial implications that could come with medical expenses.

User Kevin Languasco
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