Joshua is president of an accounting firm that has 10 employees. The only employee benefit provided by the firm is a paid two-week vacation for employees with one or more year of service. The firm’s...

Joshua is president of an accounting firm that has 10 employees. The only employee benefit provided by the firm is a paid two-week vacation for employees with one or more year of service. The firm’s profits have substantially increased, and Joshua would like to provide some additional benefits to the employees. Joshua needs advice concerning the types of benefits to provide.

Joshua would like to provide health insurance benefits to the employees. What are the major types of Managed Care Plans that he might consider. Tip: HMO, PPO, and POS should be explained