How Do You Pick Between HMO, PPO And POS Group Health Insurance?
Shopping for a group health plan for your business can be confusing. The ultimate goal is to get a plan that meets your and your employees’ needs at a cost that fits within your budget. One of the most important decisions involved will be your choice of the healthcare delivery plan to suit your needs. Will it be an HMO, a PPO or a POS? Here’s how to make your selection. Learn the Basic Difference Between the Three Health Plans The HMO or Health Maintenance Organization comprises in a network of physicians and health facilities that are contracted to provide medical care to the HMO members. Under this plan *You are required to choose one primary care physician who directs your care. *You are limited to using in-network doctors and hospitals except in an emergency or by referral from your primary care physician. *You need to make a co-payment (a flat fee you pay for each doctor visit). The PPO or the Preferred Provider Organization Plan also uses a network of physicians and medical facil
