91 percent of United States citizens have health insurance. Whether they’re provided to people by their employers, the government, or another source, health insurance is good to have. Just like business and personal insurance coverage policies, contrary to popular belief, there are countless types of health insurance coverage policies. Let’s go over different types of modern health insurance plans and what the differences between them are.

Health Maintenance Organization

Often shortened to HMO, health maintenance organizations’ insurance plans provide the full list of healthcare services at healthcare facilities that are within the network. Although this type of health insurance might sound great, it’s not really all that good. With health insurance provided by health maintenance organizations, you won’t have much – if any – freedom to select which healthcare providers you’ll see. However, HMOs do, in fact, require much less paperwork than other types of health insurance.

Preferred Provider Organization

PPOs grant patients more freedom in selecting what healthcare providers they want to see. Further, preferred provider organizations do not require patients to obtain referrals from primary care physicians to see specialists. You’ll end up paying more out of your own wallet if you decide to go out-of-network, however.

Exclusive Provider Organization

EPOs do require referrals to see specialists, though they offer roughly the same level of freedom that preferred provider organizations do when it comes to choosing your healthcare providers. If you do decide to see a physician that is out of the exclusive provider organization’s network, you’ll be responsible for the full cost of such services.

Point-of-Service Plan

These health insurance plans essentially mash together health maintenance organizations and preferred provider organizations. You have more freedom to pick your providers than in HMO health insurance plans. Also, you don’t have to foot the entire bill if you see physicians who are out of your plan’s network.

It’s hard to pick out the right kind of health insurance. If you’re still struggling with which type of plan to select, come see our experts to get high-quality health insurance orlando fl in an instant.