Contrasts Between PPO Vs POS Insurance Plans
Studies state that many people do not have any type of health insurance. There is the need for an individual to know that there are two famous options of health insurance which are the PPO and POS plans. Choosing the right plan is possible if an individual factors in the following information.
A common health insurance plan is the Preferred Provider Organization. This plan has healthcare provider in a situation that offer the services that are needed by the patients. It is important to note the fact that there is a huge reduction of the cost of the healthcare services given that PPO plan offers a discount to the customers. One is needed to pay when they are given the healthcare services and the other costs will be catered for by the insurance company. An individual need to take note of the fact that it is possible for them to get a provider out of the network but the amount that will be paid by the company is not high.
The benefit of PPO is that, there is so much flexibility given that an individual has no worry of selecting a primary physician or to get a referral in order to see a specialist. It is also possible for one to get services from a provider that is not within the network. In comparison to other plans, there is no time consuming and no much paperwork. Apart from being pricey, if an individual settles for a provider out of the network, it is sure that the prices go up faster.
The second health insurance plan is the Point of Service plan and it is not very popular. One has to select a primary care provider that they will go to in all the issues that they have and if they need to see another specialist they will need a referral from him or her. Consequently, if one gets the healthcare services from a provider that is not within the network, then the cost is high.
The merit of POS plan is that they are inexpensive in comparison to PPO plan. This would be considered to be the best option for an individual that has no worry of the primary physician that they will get. There are also cons that are associated with this plan first being that it is not flexible.
There are other options for one who does not find the two types of health insurance plans appealing. One has to be aware of the Health Maintenance Organization which needs one to settle for a primary physician and is known to be same as POS plan. Spending more money is significant if one outsources healthcare services. If an individual needs a cover for a few months, then Short-term Health Insurance is the best option. One has to also be aware of the High-deductible Health Plan which requires them to pay a specified amount for the cost of the claim that they have to be cleared by the insurance.