Health Maintenance Organizations (HMO)

HMOs are the least expensive, but also the least flexible of all the health insurance plans. They are geared more toward people seeking health insurance as a group.

Here are the advantages and disadvantages :

HMO advantages :

They offer their customers / group members low co-payments, minimal paperwork, and coverage for many preventive-care and health-improvement programs.

HMO disadvantages :

You must choose a primary care physician, also known as a PCP.

HMOs require you to see only network doctors, or they won't cover.

You must get a referral from your PCP to see a specialist.

Related Article: Point of Service (POS) >>