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Types of Health Insurance

Advantages of HMOs
Advantages of HMOs

The Advantages & Disadvantages of HMOs HMOs are nothing but Health Maintenance Organizations. In case of traditional health insurance, you can choose any physician you wish, and you can also decide which health service to obtain, but in case of HMOs, you have to choose a Primary Care Physician (PCP) from a list of doctors that your health plan has contracted with to provide services.

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Advantages of POS Plans
Advantages of POS Plans

A Point of Service (POS) plan has some of the qualities of HMO and PPO plans with benefit levels varying depending on whether you receive your care in or out of the health insurance company's network of providers.

Advantages of PPOs
Advantages of PPOs

In sum, PPO’s are virtually having all the advantages of managed care health insurance and fee-for-service health insurance. The only disadvantage is that you must have to pay full rate for physicians and hospitals outside the network.

Disadvantages of HMOs
Disadvantages of HMOs

If you are shopping for health insurance, consider the advantages and disadvantages that come with an HMO, or health maintenance organization. Advantages. When an HMO contracts with a network, the policyholders get special advantages. The biggest one is keeping health-care costs under control.

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Disadvantages of PPOs
Disadvantages of PPOs

Disadvantages: You must pay full rate for physicians and hospitals outside the network; If the network is not up to the mark, people feel they can simply go outside the network for care. But in practice, many PPOs make it impractical to obtain care outside the network by setting high deductibles and co-insurance.

Exclusive Provider Organizations (EPOs)
Exclusive Provider Organizations (EPOs)

Learn about Exclusive Provider Organization (EPO) plans by reviewing the definition in the HealthCare.gov Glossary. ... and get the most from your health insurance.

Health Maintenance Organizations (HMOs)
Health Maintenance Organizations (HMOs)

HMO means "Health Maintenance Organization.". HMO plans offer a wide range of healthcare services through a network of providers who agree to supply services to members. With an HMO you'll likely have coverage for a broader range of preventive healthcare services than you would through another type of plan.

HMOs
HMOs

HMO means "Health Maintenance Organization." HMO plans offer a wide range of healthcare services through a network of providers who agree to supply services to members. With an HMO you'll likely have coverage for a broader range of preventive healthcare services than you would through another type of plan.

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POS, or Point-Of-Service Plans;
POS, or Point-Of-Service Plans;

A point-of-service plan (POS) is a type of managed-care health insurance plan that provides different benefits depending on whether the policyholder uses in-network or out-of-network health care providers.

PPO, or Preferred Provider Organizations;
PPO, or Preferred Provider Organizations;

Preferred Provider Organization (PPO) Plans How PPO Plans Work A Medicare PPO Plan is a type of Medicare Advantage Plan (Part C) offered by a private insurance company.

source: medicare.gov
PPOs
PPOs

A Point of Service (POS) plan has some of the qualities of HMO and PPO plans with benefit levels varying depending on whether you receive your care in or out of the health insurance company's network of providers.

Preferred Provider Organizations (PPOs)
Preferred Provider Organizations (PPOs)

PPO plans, or "Preferred Provider Organization" plans, are one of the most popular types of plans in the Individual and Family market. PPO plans allow you to visit whatever in-network physician or healthcare provider you wish without first requiring a referral from a primary care physician.

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