The Different Aspects of PPO Vs POS Insurance Plans
There is a high number of people that are not associated to any existing health plan. Among the most known health insurance plans are the PPO and the POS. The information below is helpful for one to find out which health insurance plan would be most suitable for them to choose.
The first health insurance plan is the Preferred Provider Organization which is considered to be the most common plan. For this healthcare plan, there are providers in a particular location that give the services to the customers. 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. With this plan, an individual will have to pay for the healthcare services that they get and the insurance company will pay the rest of the amount. It is important for one to know that it is possible that they get healthcare services from a provider that is outside the network, however, the bill paid will not be 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. Moreover, it is possible for one to get a provider that is outside the network. By choosing this plan, then an individual will be certain that there is no much time consumed with administrative tasks and that there is minimal paperwork in comparison to other plans. Apart from being pricey, if an individual settles for a provider out of the network, it is sure that the prices go up faster.
Secondly is the POS plan. With this plan, an individual will need to choose a primary care physician that will cater for all the health needs that they have and also get referrals from. Just like PPO, an individual has the option of getting healthcare service from an outside provider but at a high cost.
The merit of POS plan is that they are inexpensive in comparison to PPO plan. For one who need not select a primary care provider, this plan is the best. Flexibility is not experienced in this plan which is a disadvantage.
In the event that and individual does not find any of the plans pleasing, then they could consider other options. 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. If an individual decides to go out of the network, then they will need more money. 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.