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What’s The Difference Between HMO, PPO, POS, or EPO plans? | Kauffman Insurance Group
HMO: A budget-friendly plan A Health Maintenance Organization (HMO) plan is one of the cheapest types of health insurance. HMO has low premiums and deductibles and a payment allowance for doctor visits. HMO is a type of health plan that offers a local network of doctors and hospitals for you to choose from. POS: An affordable plan with out-of-network coverage A PPO, or Preferred Provider Organization, is a type of health plan that offers a more extensive network, so you have more doctors and hospitals to choose from. Your out-of-pocket costs are usually higher with a PPO than with an HMO or EPO plan. EPO: A larger network makes life easier An EPO, Exclusive Provider Organization (EPO) is a type of health plan that offers a local network of doctors and hospitals. A network is generally larger than for HMOs. They may or may not require referrals from a primary care physician. Premiums are higher than HMOs, but lower than PPOs. PPO: The plan with the most freedom A Preferred Provider Organization (PPO) has pricier premiums than an HMO or POS. But this plan allows you to see specialists and out-of-network doctors without a referral. Copays and coinsurance for in-network doctors are low.
08-Jul-2022, 02:10 PM