This HSA overview has been updated with info for the 2024 & 2025 tax years.A few years ago, I moved from a traditional PPO health insurance plan to ahigh deductible health plan (HDHP)that was paired with a health savings account (HSA) during my employer’sopen enrollmentperiod. Why? I’...
When choosing a healthcare plan, you can consider a POS, PPO, HMO, or even an HDHP (High Deductible Health Plan). Each plan offers different benefits, and generally, the more you’re willing to pay in premiums, the more flexibility and coverage you’ll have. It’s important to find a...
Another type of coverage, the High-Deductible Health Plan (HDHP), has grown in popularity as employers seek to contain healthcare costs. It often works similar to an HMO or PPO, but with very high deductibles and associated Health Savings Accounts (HSAs). Premiums tend to be low. The dif...
There are a variety of plan types to choose from, including different tiers within each category. Health insurance coverage options include: High deductible health plan (HDHP) Health maintenance organization (HMO) Preferred provider organization (PPO) Open enrollment tips An effective open enrollment ...
HMO Insurance vs. PPO Insurance PPO (Preferred Provider Organization) plansgive you more freedom to see any doctor, including those outside the network, but this flexibility can come with higher premiums and costs. On the other hand, HMO plans require you to use a specific network of doctors...
. Many HDHPs also allow you to use a health savings account (HSA), which lets you save pre-tax money for medical expenses. HDHPs have advantages and disadvantages, so make sure you’ve weighed the pros and cons b...
What Is a Gatekeeper? There are two definitions of the term gatekeeper. One is used to describe the role of people in the health insurance sector. The other refers to long-term care plans. The term gatekeeper describes the person in charge of a patient’s treatment when it's used in rel...
An HDHP is a health plan that has lower monthly fees than other types of plans. However, as the name suggests, you'll need to pay more before your insurance begins to pay. You'll be paying for the treatments you need until you meet your maximum out-of-pocket (OOP) costs. ...
services if the policyholder obtains a referral from their PCP, compared to going without a referral. However, without a referral, some POS plans may not cover the costs at all.The premiums for a POS plan fall between the lower premiums offered by an HMO and the higher premiums of a PPO...
Anyway,Point Of Service plans are an HMO + PPO hybrid. They are “affordable” managed health care plans that come with out-of-network benefits. In other words, you can use them like an HMO or PPO. Kinda weird, right? Most POS plans require you to get referrals from a primary care ...