HMO health plans are an ideal solution for someone looking for low-cost health coverage. HMO plans offer some of the cheapest insurance options you can find.
So what is an HMO and how do you know if this type of plan is right for you?
What is an HMO?
HMO stands for Health Maintenance Organization. An HMO is a type of health insurance coverage that sets out which doctors and hospitals you can use and which medical tests and procedures are covered.
You will need to choose a primary care doctor and receive a referral to see a specialist. HMOs cost less than traditional insurance, but in exchange you sacrifice some flexibility and you must adhere to HMO guidelines.
If you choose not to follow the HMO’s guidelines (for example, you see a doctor who is not part of the group), your medical costs will not be covered.
HMOs are often compared to PPOs or preferred provider organizations. PPOs also provide their members with a list of approved providers. However, PPOs offer more flexibility.
Members can see doctors outside of the network; it just costs a little more. And PPO members don’t need a referral to see a specialist. In exchange for this greater flexibility, PPOs cost more than HMOs.
How do I find an affordable HMO plan?
The best way to find an HMO health insurance plan is to visit an insurance comparison website. At one of these websites, you fill out a simple online form with information about yourself and your health insurance needs.
Soon after, you’ll receive quotes from several A-rated health insurance companies. Then you can quickly and easily compare coverages and premiums and choose the one that’s right for you.
The best comparison websites even allow you to talk to insurance experts so you can get answers to all your health insurance questions.
