Managed care plans are a type of health insurance. They have contracts with health care providers and medical facilities to provide care for members at reduced costs. These providers typically make up the plan’s network. Your text lays out six models of managed care. We will further study four of the plans. Below, you will find several links you will need in order to complete this assignment:·A chart that you will submit as your homework assignment.·HMO plan·PPO plan·POS plan·EPO planCorrelatefour of the six managed care models with their characteristics.Include the following in your assignment:Ø Describe the financial differences between the models.Ø Which model provides the most flexibility for patients to select their providers?Ø Which model would you select and why?