What is HMO insurance?
HMO stands for Health Maintenance Organization and is a type of health insurance. In this type of program, your medical care comes from within a network of doctors and facilities preapproved by the plan’s management.In Network CareIf you have HMO insurance, you must first pick a primary care physician who will oversee all your medical care. If you need to visit the hospital or see a specialist, your primary care physician must approve the care or the costs will not be paid by the insurance.Lower Out-of-Pocket CostsWith an HMO, you will pay less out of pocket than with other types of health insurance, such as PPO (Preferred Provider Organizations) plans. Most HMO plans do not require you to meet an annual deductible nor do they require you to pay copayments or coinsurance.HMO Compared with PPOPPOs allow you to go to any physician you choose, although you’ll pay more out of pocket for doctors outside of the network. You will also have to pay a deductible, copayments each time you visit t
