It can be difficult to understand the complex system that is health insurance. There are many different types of plans with many different levels of coverage. Maschoff Insurance in Ankeny, IA is here to help guide you through the different types of health insurance plans.
Here are the four most common types of health insurance plans:
HMO
A Health Maintenance Organization plan has a network of doctors and hospitals that you can see. You will need a referral from your primary care doctor to see a specialist. You will have lower out-of-pocket costs with this plan than with others, but your choices for doctors and hospitals are more limited.
PPO
A Preferred Provider Organization plan also has a network of doctors and hospitals that you can see. Unlike an HMO, you do not need a referral from your primary care doctor to see a specialist. You can also see doctors and hospitals outside of the network, but it will cost you more money.
EPO
An Exclusive Provider Organization is very similar to a PPO, except that you can only go to doctors, hospitals, and other providers in the EPO network. You cannot go out-of-network at all without paying 100% of the costs yourself.
POS
A Point-of-Service plan is a type of health insurance that has characteristics of an HMO and a PPO. With this type of plan, you have a network of doctors and hospitals that you can see. You’ll need a referral from your primary care doctor to see a specialist. However, you also have the option to go outside of the network if you are willing to pay more for the services.
Get Health Insurance Today
Now that you know a little bit more about the four most common types of health insurance plans, you can start to narrow down which one might be the best fit for you and your family. If you still have questions or would like help finding the right plan for your needs, contact Maschoff Insurance in Ankeny, IA today.
