There are five primary categories of health insurance plan. They vary from one another in lots of ways. Health insurance agents might use Health Insurance Leads to find out which kind of health insurance plan is appropriate to a customer. Make sure to have a great knowledge of the different sorts of insurance you might choose from before you go insurance shopping.
Preferred Provider Organization (PPO):
The preferred provider organization, or "PPO", is a combination of traditional fee-for-service and an HMO. Like an HMO, there are a limited number of doctors and hospitals to choose from. Whenever you use those providers (sometimes known as "preferred providers", other times called "network providers"), the majority of your medical expenses are covered. When you go to physicians within the PPO, you present a card and do not need to fill out forms. Usually there is a small co-payment for every visit. You may require to pay deductible and co-insurance amounts.
Health Maintenance Organization (HMO):
The HMO plan provides a great choice for those that feel more safe under the care of a primary care physician who oversees all of their medical treatments. Under the HMO, you are placed with a doctor of your option (within the plan), who will be your regular doctor and make recommendations concerning your treatment. This plan is cheaper than PPO plan in context of premiums.
Free-For-Service plans (FOS):
The Free for Service plan provide the most options concerning healthcare specialists and facilities. For an additional fee the policy holder may choose their own medical options. The insured needs to pay a preset deductible amount, before the insurance supplier provides money for these services. The company pays 80% of the total cost and the other 20% should be paid from your own pocket.
Point-Of-Service plans (POS):
They are indemnity-type of health plans provided from the HMOs. According to this plan, you will get service from main care doctors and then those physicians refer other healthcare companies. However, if the referral is outside the network, the health plans pay all or most of the medical bill.
Preferred Provider Organization (PPO):
The preferred provider organization, or "PPO", is a combination of traditional fee-for-service and an HMO. Like an HMO, there are a limited number of doctors and hospitals to choose from. Whenever you use those providers (sometimes known as "preferred providers", other times called "network providers"), the majority of your medical expenses are covered. When you go to physicians within the PPO, you present a card and do not need to fill out forms. Usually there is a small co-payment for every visit. You may require to pay deductible and co-insurance amounts.
Health Maintenance Organization (HMO):
The HMO plan provides a great choice for those that feel more safe under the care of a primary care physician who oversees all of their medical treatments. Under the HMO, you are placed with a doctor of your option (within the plan), who will be your regular doctor and make recommendations concerning your treatment. This plan is cheaper than PPO plan in context of premiums.
Free-For-Service plans (FOS):
The Free for Service plan provide the most options concerning healthcare specialists and facilities. For an additional fee the policy holder may choose their own medical options. The insured needs to pay a preset deductible amount, before the insurance supplier provides money for these services. The company pays 80% of the total cost and the other 20% should be paid from your own pocket.
Point-Of-Service plans (POS):
They are indemnity-type of health plans provided from the HMOs. According to this plan, you will get service from main care doctors and then those physicians refer other healthcare companies. However, if the referral is outside the network, the health plans pay all or most of the medical bill.
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