Health insurance coverage: Distinguish between different types of health insurance policies by addressing the following:

1. Describe the purpose of fee-for-service health policy and include one advantage and one disadvantage of this type of coverage.
2. Describe the purpose of an HMO health policy and include one advantage and one disadvantage of this type of coverage.
3. Describe the purpose of a PPO health policy and include one advantage and one disadvantage of this type of coverage.
4. Based on your understanding of health insurance policies from the above requirements, decide on the best coverage type (e.g. fee-for-service, HMO, PPO) and provide your rationale.