Health Insurance in Plano
You may have heard the term “health care” thousands of times over the past few years, as the debate over President Obama’s health care plan rages on among politicians. However, how much do you know about your Health Insurance plan and, if you don’t have one, how would you know which one to choose. Most people receive their health insurance through their employer. Generally, an employer’s health insurance provider has what is known as an enrollment period. This is the time where employees choose their health plan out of a variety of choices offered by the Health Insurance (Allen, TX and Plano, TX included) provider.
There are two major types of plans: the HMO and the PPO. Not many people understand what differentiates the two.
What Is An HMO Plan?
HMO stands for Health Maintenance Organization. In an HMO, an individual pays a monthly premium that covers an array of services from basic check-ups to dental services. In an HMO, an individual is generally asked to choose a primary care physician who handles the majority of the individual’s health care needs, and if needed, refers the individual to a specialist.
What IS A PPO Plan?
PPO stands for preferred provider organization. In a PPO, medical care providers (i.e. doctors) negotiate rates with the insurance providers that are in turn offered to patients. PPO’s charge access fees to insurance companies, who in turn, gain access to the network of health care providers.