Group Health Insurance
Health HMO Coverage
An affordable option, an HMO is a managed approach to medical care that is most commonly purchased due to its simplicity and LOW out-of-pocket costs at time of use.
If having a Choice is your concern, and seeing a specialist you want when you want is how you would like your plan to work-then a PPO plan is the plan for you. PPO plans are usually available with an IN-Network Provider directory that keeps your costs down, but also provide a benefit that allows you as the subscriber to see any physician you want (even if they are not in a company’s directory) for a lower, yet substantial benefit amount.
This is the “everything” plan. POS plans combine both an HMO option with the PPO options giving you the most choice available. If you need care and can utilize the HMO tier of the plan, your personal out-of-pocket costs will be low. In the event that you do not want to utilize the HMO product, and desire to self-refer yourself to a physician of your choice, then the PPO option is available to you.
Medical Savings Plans
Recent laws allow for tax-deductible savings to be set aside to cover “high deductible” PPO Plans. Deductibles are traditionally $1,500.00 to $2,250.00 per person.
Another affordable benefit, these can cost as low as $7 per employee, and are sometimes free when purchased longside a Group Health Insurance plan.
These products vary in a similar fashion to the Health plans:
- Dental Maintenance Organization (DMO)
- Dental Provider Organization (DPO)
- Fee For Service (FFS)