There are numerous health insurance plans most providers offer. Let’s take a look at some of the common options.
One type of insurance policy is a Health Maintenance Organization (HMO). This kind of plan has a list or network of providers (doctors, hospitals, labs) that is approved, allowing you to receive care from these providers. HMOs typically involve copays, which are small fees you pay for each service. They often also have deductibles.
Another type of plan is a Preferred Provider Organization (PPO). PPOs still have a network, but you have the option to see providers outside of the network for a higher cost than those in-network. These plans also typically have a deductible and require that you pay a percentage of each service.
You may also have the option of a Point of Service plan (POS). POS plans are similar to PPOs in that you can get care outside of the network for a higher cost, however, you will most likely have to be referred to the out-of-network provider by your primary care provider.
Exclusive provider organizations (EPO) are another kind of plan. Similar to HMOs, these plans have a network of providers that you cannot receive care outside of. EPO networks have written agreements with the insurance provider ensuring coverage.
These are not the only kinds of treatment plans, but they are the most common plans you’ll come across.