Health Maintenance Organizations (HMO)
HMO’s or Health Maintenance Organizations are generally one of the least expensive forms of health insurance.
Being a managed care plan, the HMO will offer care from the network of health care personnel and facilities that the insurance companies use. The networks used include doctors, hospitals, clinics and specialists.
Low cost of premiums is one of the major reasons that people use HMO’s. HMO’s also offer copayments for care and most of the insurance companies don’t require an annual deductible.
Many HMO’s offer what is known as comprehensive health insurance benefits. These benefits cover many health care services including preventative care, hospital care, emergency and specialist care, prescription drugs and outpatient surgeries.
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