Health insurance is a necessity in the present age. It only takes one medical emergency in Ada, OK to empty your savings account. When it comes to health insurance, most buyers will choose between a Health Maintenance Organization (HMO) and a Preferred Provider Organization (PPO). The agents at Moon – Baker Insurance Agency Inc. can help you understand the difference between HMO and PPO health plans.
What Is HMO Health Insurance?
An HMO insurance plan is coverage that provides financial protection for doctor-approved procedures. Those with HMO plans typically pay less in monthly premiums. Policyholders must, however, remain within the network to get the full benefits of their plans.
Some consumers prefer health plans that do not require a primary physician’s approval before treatment is rendered. There is also the matter of remaining within the network, which leads to individuals having to choose another doctor if their preferred physician is not in their HMO circle.
What Is PPO Health Insurance?
Those who want more liberality in choosing providers may select a PPO health plan. This type of policy lets policyholders choose their doctors and does not require a primary physician’s approval before procedures commence.
A PPO plan costs significantly more than an HMO policy, which is why some may steer clear of this type of health insurance in Ada, OK. Those looking to save money on monthly premiums may not find a PPO plan as beneficial.
Which Health Plan Is Right For You?
The best way to choose a health insurance plan is with a professional’s guidance. The agents at Moon – Baker Insurance Agency Inc. can help you understand how HMO and PPO indemnity policies work so you can select the plan that best suits your lifestyle. Call today Moon – Baker Insurance today to get started with a quote for coverage.