Which insurance model focuses on providing a wider range of services for a fixed monthly premium?

The model that focuses on providing a wider range of services for a fixed monthly premium is the Health Maintenance Organization (HMO). HMOs are designed to deliver comprehensive healthcare services to the members at a lower cost, as they charge a fixed monthly premium. This model often requires members to choose a primary care physician who coordinates their care and provides referrals to specialists within the HMO network.

This structured approach allows HMOs to manage costs effectively while ensuring that patients have access to a variety of healthcare services. Services typically included under this model can range from preventive care to diagnostics and treatment, all at predictable pricing, which is particularly beneficial for budget-conscious individuals or families.

In contrast, the other models like Medigap insurance, Preferred Provider Organization (PPO), and Exclusive Provider Organization (EPO) typically function differently. Medigap is designed to supplement Medicare by covering costs not included, while PPOs and EPOs provide greater flexibility in choosing healthcare providers but may come with higher premiums or out-of-pocket expenses. Therefore, the HMO model's emphasis on a comprehensive range of services for a fixed cost sets it apart in the context of personal finance management related to health insurance.