What does the EPO, PPO, HMO, POS stand for in HEALTH INSURANCE? What is network provider?



welcome back to my channel let's talk money today I would like to explain the network types most commonly known as EPO PP o–'s HMOs and POS plans sampling types allow you to use almost any doctor or healthcare facility others limit your choices or charge you more if you use providers outside their network you can easily identify the type of network of plan by looking at that description next to the plenty PPO stands for a preferred provider organization PPO s give you the choice of getting care from in-network or out-of-network providers you pay less if you use providers that belong to the plans network you'll pay more if you use doctors providers and hospitals outside of the network and you may have higher out-of-pocket costs for services if you have a PPO plan you can visit any doctor without getting a referral what is APO well apo is exclusive provider organization it's a managed care plan where services are covered only if you use doctors specialists or hospitals implants Network except in an emergency and there is no referral required to see a specialist what is POS POS stands for point of service it's a type of plan where you pay less if you use doctors hospitals and other health care providers that belong to the plans network POS plans require you to get a referral from your primary care doctor in order to see a specialist what is an HMO well a an HMO is a health maintenance organization it's a type of health insurance plan that usually limits the coverage to care from doctors who work for or contract with the HMO and HMO generally won't cover or has limited coverage for out-of-network care except in an emergency if you use a doctor or facility that isn't in the HMO Network you may have to pay the full cost of the services you get HMO members usually have a primary care doctor and must get referrals to see specialists well so far we've been talking so much about provider networks what is that well a provider network is a list of doctors other health care providers in hospitals that a plan has a contract with to provide medical care to its members this providers are called network providers or in-network providers a provider that hasn't M doesn't have a contract with the plan is called an out-of-network provider love this video don't forget to share your happiness with your friends and please please support us by subscribing to our Channel let's talk money hope to see you again you

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