Types of Health Insurance:
HMO, PPO, POS, & more
If you're confused about the alphabet soup of health insurance plans,
here's what you need to know.
There are many choices for health insurance. Here's the breakdown:
Health maintenance organizations (HMOs): All services are through a contracted network of healthcare providers
Preferred provider organizations (PPOs): You see whatever in-network physician or healthcare provider you wish
without first requiring a referral from a primary care physician.
Exclusive provider organizations (EPOs): Combine the flexibility of PPO plans with the cost-savings of HMO plans
and you don't need referrals for specialists.
Point-of-service (POS) plans: You have more freedom to choose your doctor
High-deductible health plans (HDHPs): Is a health insurance plan with lower monthly premiums and higher deductibles
than a traditional health plan. A high-deductible plan may also be linked
to health savings accounts (HSAs) which can help to offset costs with