HMO Health Insurance

HMO stands for Health Maintenance Organization, a health care system that assumes or shares both the financial risks and the delivery risks associated with providing comprehensive medical services to a voluntarily enrolled population in a particular geographic area, usually in return for a fixed, prepaid fee. HMO Health Insurance is a Health Maintenance Organization.  It is a form of health insurance in which members prepay a premium for the HMO's health services. The HMO is the legal entity that assumes responsibility for health care services and for the cost of the insured's care. The HMO insurance plan generally costs less than PPO plans but is less widely accepted. Several HMO health insurance plans are compared in our search This type of health care plan provides a range of health care services to its insured members.  An HMO contracts with health care providers, physicians, hospitals, and other health professionals. This is why HMO members are required to use participating providers in the HMO network, which are coordinated by a primary care physician selected by the insured from a list of providers.

There are several advantages to having an HMO health insurance plan. One of the biggest advantages is that members enjoy low out-of-pocket expenses in comparison to pricey, traditional health insurance plans. A visit to a doctor’s office or a hospital is covered after a small co-payment of $5 or $10 is paid.

An HMO health insurance plan usually includes routine physicals, prescription drugs, lab tests, well baby care, maternity visits, and vision exams. With this type of plan, members are not expected to pay an annual deductible before their medical treatment is covered.