Types of Health Insurance Plans Explained
There are several types of health insurance plans, including Health Maintenance Organizations (HMOs), Preferred Provider Organizations (PPOs), and High-Deductible Health Plans (HDHPs). Each type offers different levels of flexibility, cost, and provider networks. HMOs generally require referrals for specialist visits, while PPOs offer more provider choices but at a higher cost. HDHPs have lower premiums but higher deductibles, making them suitable for those who are relatively healthy and don’t anticipate frequent medical expenses.