Health Insurance Plan Types

EPO plans can offer great coverage at an affordable price. It's important to take the time to explore all of your options in order to find the right plan for you and your family.

Health insurance is one of the most important investments you can make in your life. But, when it comes to choosing between an HMO plan and a PPO plan, what’s the difference and which one should you choose? Let’s break down the differences and similarities between these two types of health plans.

PPO, or preferred provider organization, is a kind of managed care health insurance program that offers the most benefits if you see an in-network doctor or other provider but still offers some coverage for out-of-network physicians. Additionally, you often do not need a recommendation from your primary care physician to see any specialist.

With a POS (Point of Service) plan, you may save money on your medical insurance by choosing to visit doctors, hospitals, and other in-network providers. Beneficiaries must select a PCP (primary care physician) who serves as a consistent provider of care.

HMO is an abbreviation for health maintenance organization. HMOs have their own network of doctors, hospitals, and other healthcare providers that have agreed to accept a specified amount of payment for the services they offer.