What is a HMO heatlh insurance plan?
The definition of a Health Maintenance Organization or HMO is a corporation financed by insurance premiums whose member physicians and professional staff provide curative and preventive medicine within certain financial, geographic, and professional limits to enrolled volunteer members and their families. HMO’s is an organization of healthcare providers that have contracted with an insurance company to offer their services at a fixed prices. HMO plans tend to be very restrictive and have many rules. You will be required to select a primary care physician, who manages all aspects of your healthcare. The primary care physician(PCP) must be a member of the HMO, so you may need to switch doctors if the one you are currently seeing is not in the network. If you need to see a specialist, you will be required to see your primary care physician first to obtain a referral.
