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In my opinion if you learn to manage a vps it will decrease your cost to about 35 percent as managed vps are higher in cost.
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Not all hosting companies are created equal. Two companies may offer the same kind of management services. On paper. However, in practice, they may have different ideas of how those services are actually provided. The only way to really find out is to try their services. Most companies would have a 30-day moneyback guarantee. Some are even confident enough to offer a 30-day free trial.
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Managed vps means vps setup to troubleshooting with web hosting control panel is fully supported & managed by Provider. You dont have to do anything as like a web host client.
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Managed VPS are differently defined pretty much anywhere you go, some will offer installation of software that others won't, your best bet is to send the Managed VPS provider that you're looking into an email, or look on their FAQ pages to see what they provide with a Managed VPS.
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