Choosing a health insurance plan can be a daunting task, especially if you’re unfamiliar with the insurances claims submission and reimbursement process. Often, your employer will offer you health insurance coverage as a benefit. Yet even within a group health plan, there can be varying levels of coverage.
One of the most common questions that insurance industry insiders field from potential clients is the difference between an employee benefits HMO and PPO plan. “HMO” stands for health maintenance organization, while “PPO” means preferred provider organization. Which type of plan is right for you and your family depends on what health care benefits you value the most.
What Do You Value Most?
Listed below are a few of the more common benefits that patients are concerned about, and how both HMO and PPO plans address them. This should give you a better understanding of which would be best for you:
Not knowing the in’s-and-outs of your insurance plan could place you in a bad spot when you or a family member is in need of coverage. Feel free to contact us here at Sackett & Associates Insurance Services to clear up any confusion regarding your plan options, or subscribe to our blog or like us on Facebook to stay connected with changes in the health insurance industry.