Getting a quote on private health insurance quotes does not have to be a time-consuming chore. It is now easier than ever to access and connect with private health assurance firms to get a quote for costs on medical coverage.
If you had insurance from an employer, you probably did not think too much about the options available, because there was likely only one. When you look for private health coverage, it is good to know what type of insurance is available. Most insurers offer an HMO, POS or PPO plan. While all these plans fall into the category of managed care programs there are some important differences you should know.
HMO stands for health management organization and that means you will be getting the majority of your medical care from a single company who employs and manages most of the key resources such as doctors, lab, testing and medical facilities, and hospitals. HMOs are restrictive in terms of choice, but that does not mean the level of care suffers.
It simply means that to get the most out of your medical insurance dollar you must stay within the HMO’s network and you will have less freedom to see specialists when you think it is necessary. That is because you will pick a Primary Care Physician (PCP) who will work with you to manage your health and if necessary refer you to other treatment specialists. This keeps the cost of care low so HMOs generally feature some of the lowest premiums available.
A PPO is a preferred provider organization and is typically one of the most flexible types of medical insurance. With this coverage, there is no primary physician necessary and as long as you stay within the PPO’s network, you can generally see any doctor or specialist that you think is necessary. Going outside of the network is possible too, in which case you will share some of the out-of-pocket costs.
A POS, or point-of-service plan, has aspects of both an HMO and PPO plan. With POS coverage, you have access to a full network of doctors and specialists, but you do need a referral from your primary care physician first. POS plans also allow for out-of-network coverage at a reduced reimbursement rate.
With whatever plan you go with you’ll need to take into account any pre-existing medical conditions that exist as this may have an impact on cost and coverage.