In 400 to 500 words, address the following:

• Select a managed care plan such as an HMO, PPO, POS, or EPO and discuss its advantages and disadvantages.

• Explain the main features of a consumer-directed health plan (CDHP).

• Examine one real-life example of a CDHP plan (e.g., Cigna 1500) and another for the selected managed care plan (e.g., Aetna Open Choice PPO) in terms of covered benefits, choice of providers, and level of cost sharing and then determine which one would be the optimal choice for your family.

Support your response with at least two scholarly sources published in APA Style within the last five years.