Health insurance is vitally important and although it can be expensive it's really something you can not afford to be without. If you were to become sick or injured the cost of your medical bills could be astronomical and simply impossible for most people to pay. If you realize the importance of having medical coverage the next step is to find a plan that will work for you. There are many different options available and making health insurance comparisons can be difficult and confusing. The two most common types of plans are HMOs and PPOs and this article is going to discuss some of the pros and cons of each.
HMO is short for health maintenance organization. This can be the most inexpensive option. Usually, there are no deductibles which is the amount you would be required to pay before your insurance provider would pay a claim. Co-payments can also be very inexpensive with this type of coverage. While HMOs may be one of the least expensive options they are also one of the more restrictive options. With this type of coverage you are assigned a primary care physician and it is this physician that will oversee your medical care. If you wanted to see a specialist for any reason you would first need to get the permission of your primary care doctor before you could do so.
PPO is short for preferred provider organization. A PPO is considerably less restrictive than an HMO. In a PPO you are not restricted to one primary care physician. You are assigned to a network of health care providers and you're even allowed to see doctors outside of the network for an additional fee. Although much less restrictive, a PPO is also considerably more expensive. The copayments are usually quite low but the deductibles can be very high, anywhere from a few hundred to even $ 1000 or more.
HMOs and PPOs are the most common types of medical coverage options and there are certainly pros and cons to each option. There is always a trade off between flexibility and cost. Whichever option you decide to go with when making your health insurance comparisons I'm sure you would want to get the best possible price and the easiest way to do that is to get multiple health insurance quotes. There is a great deal of competition amongst the various healthcare providers and this competition provides an opportunity to save a lot of money. Costs can vary greatly from one insurance provider to the next and a few minutes spent getting multiple health insurance quotes can quickly and easily reveal the greatest opportunity to get good coverage at a great price.