We promised to talk about the different types of health insurance plans. So, we will not only list them; we will be comparing the plans. In the US, there a many health insurance plans, but the goal of each policy is to protect you against health risks.
Everyone in the US falls under four (4) categories when it comes to health insurance. The first class is where the majority falls; they get their health insurance from their employers. The second level gets theirs through the unions. Those not under these two groups get their health insurance from the government. There is the last group of people that are uninsured. This set prefers to take on the risk of health emergencies themselves.
Major Health Insurance Plans
In compliance with Affordable Care Act also called the Obamacare, health insurance providers have improved the quality of their service. The improvement is as a result of the improved standards for service delivery by the government.
The primary healthcare insurance plans include;
1. Health Maintenance Organizations (HMOs) plans
HMOs are the most popular health insurance providers, and they offer prepaid services. Their services include preventive care where a beneficiary can visit the hospital for periodic checks. There is a monthly fee called premium that subscribers pay to the HMO. The payment is in exchange for a health care service which includes the family.
2. Preferred Provider Organizations (PPOs) plans
PPO plans are a bit restricted. The reason is that there is a network of healthcare providers to choose from. This type of policy is suitable for subscribers who frequent the hospital yearly. The PPO plans, unlike the Exclusive Provider Organizations EPO plans, allows subscribers to use providers outside the network.
3. Point of Service (POS) plans
The POS plan offers more flexibility for subscribers. It is suited for people who do not mind spending a bit more than the required premium. The plan combines the HMO and the PPO plans, and it is versatile.