With health insurance, you can obtain medical affordably and quickly. However, health insurance can be rather complex, especially when you’re trying to read and understand the policy. There are so many different acronyms that they expect you to know. So, because of this, Preferred Insurance Center has come up with a brief guide of the most common health insurance acronyms Coldwater, OH residents should familiarize themselves with.
Preferred Provider Organization (PPO)
A PPO is essentially a list of medical care providers that your health insurance company works with and personally recommends. This offers a little bit of flexibility when you are choosing a physician and/or specialist. Although you can obtain medical care from providers in and outside of the network, those that are not within the PPO will generally result in a higher fee. You can usually see a specialist without requiring a referral from your primary care doctor.
Health Maintenance Organization (HMO)
An HMO requires that a primary care doctor be chosen from a certain network of health care providers. In addition, you’re limited to visiting doctors and specialists who are considered in-network if you wish for the expenses to be covered by the health insurance policy. In the event that you visit a provider outside of the network, you will be responsible for 100 percent of the costs. Further, if you need to visit a specialist, you must obtain a referral from your primary care physician first.
Exclusive Provider Organization (EPO)
An EPO only consists of in-network health care providers, but it tends to offer a much larger network of physicians than other coverages. Because of this, it is easier for those who often find themselves away from home, such as traveling for business or vacationing. You don’t need to choose a primary care doctor or obtain a referral prior to visiting a specialist.
When you are looking for dependable, affordable health insurance in Coldwater, OH, consult with our team at Preferred Insurance Center.