Choosing between a PPO and HMO is a decision between competing variables. Compare Health Insurance would like to lay out a few variables to consider before making a health insurance plan selection. Distinguishing between an HMO and PPO is not that difficult and we will explain the differences.
A PPO or known as a preferred provider organization allow consumers to choose their own particular physician with usually a higher deductible for most plans. The reputation of a PPO plan is the freedom to choose any doctor whereas the HMO or called a Health Maintenance Organization is about working with a medical group of doctors but receiving a lower deductible and copays for most plans offered. The HMO premium usually is more expensive compared to most PPO policies.
Here are some questions to ask when deciding between a PPO and HMO.
1. Is your physician part of a medical group. Many doctors are part of a medical group which are affiliated
with HMO networks so you get the best of both worlds when selecting a physician.
2. What is an affordable monthly premium.
3. A comfortable inpatient and outpatient deductible for your family.
4. Are you willing to accept a 3rd party determing whether you need to see a specialist?
As time has gone on it seems to us that it really comes down to your monthly budget and the deductible
coverage limits. The primary way to approach a PPO and HMO assuming your physician accepts both plans is to work within a monthly budget and know your deductible and out of pocket maximum threshold.
Contact Compare Health Insurance by clicking on one of the links or call us toll free at 888-504-6171. We look forward to advising and recommending health insurance plans for you and your family.
