What Types of Health Insurance Policies Are Available?

Today’s health insurance marketplace seems to consist of a daunting range of options, but they all boil down to just four basic health plan models:

1. The Health Maintenance Organization
2. The Point of Service Plan
3. The Preferred Provider Organization
4. The traditional Individual Health Indemnity Plan

In the simplest terms, HMO’s offer their members the least amount of freedom, Private Health Indemnity offer members the most freedom and PPO’s and POS Plan’s tend to fall between the two.

Here Are a Few Questions to Keep in Mind While You Shop for a Plan:

• Which health plan will best suit your needs?
• What will the health plan actually cover?
• Determine: When will an extra dollar of monthly premium add up to less than an extra dollar worth of medical benefits?

From the standpoint of how much they’ll cost you, a Health Maintenance Organization will be your least expensive option—followed by POS Plans, Preferred Provider Organizations and finally by Individual Medical Indemnity Coverage.