Regardless of your current state of health and wellness, health insurance is important to have; you never know when you may get injured or sick and have to see a doctor. Whether you’re single or shopping for your whole family, it’s a good idea to understand your options before you buy health insurance. Some of the plans can be a bit confusing, and knowing what you’re getting can save you time and money down the road.

Types of Health Insurance Policies

  • HMO (Health Maintenance Organization) – With an HMO policy, you have to stay in-network (except in emergencies) to be covered by your healthcare provider, and specialists/procedures will require a referral from your primary care physician (PCP). This type of plan is excellent for someone who wants lower out-of-pocket costs and likes to have their PCP coordinate their care.
  • PPO (Preferred Provider Organization) – With a PPO, you’re not restricted to in-network physicians, however those who are out-of-network are more expensive to see, and referrals are not required to see a specialist. These plans are great for people who like to see specialists and want more options regarding their PCP.
  • EPO (Exclusive Provider Organization) – An EPO works like an HMO when it comes to your PCP, but like a PPO when it comes to specialists. These plans work well for people who are looking for lower costs but no referral required for specialist care.
  • POS (Point of Service Plan) – These plans require you to obtain a referral to see an out-of-network provider as your PCP. In-network care is less expensive, and referrals are required for specialists and procedures. The plan works for people who, like those who use HMOs, want their primary physician to coordinate their care, but want a greater variety of possible physicians to choose from.

These are the four most common types of health insurance plans. If you have any further questions about health insurance, give Carol a call at 661-803-3803 or stop by for a FREE quote!