There are many types of different health insurance plans. Be sure to talk with an agent before applying for any type of policy to see which one fits your needs.
A Preferred Provider Organization plan, or PPO plan, supplies consumers with a network of health care providers. A consumer can then pick who he or she wants to see from the list. PPO plans have different types of coverage, in-network and out-of-network. In-network includes the list of health care providers in your insurance company’s network. In this network you can choose any provider for guaranteed coverage.
Visiting an out-of-network provider will be more expensive. With a PPO plan, your insurer will cover some of the cost but not as much as they would normally cover with an in-network health care provider.
Health Maintenance Organization plans, HMO plans, allow consumers to choose health care providers only from the list of in-network providers. If a consumer wants to see a doctor out of the network, they either have to pay out of their own pockets or get a referral from a doctor in their network. These plans are cheaper than PPO plans but are not as flexible.
Point of Service plans, POS plans, are a lot like PPO health insurance plans. POS plans allow you to choose a primary physician and go to that doctor for referrals out of the network. This plan also lets you go out-of-network for hospital visits and other health care needs.
Fee for Service plans, FFS plans, are a lot more flexible then any other plan but also the most expensive. Instead of picking from a network, consumers can go to any doctor and have specific medical services be covered under this health insurance policy.