Choosing a health insurance plan can be a complex process, as it often involves different levels, options and quality of care. There are three main considerations when evaluating and comparing health insurance plans: plan benefits, costs and flexibility.
Preferred provider organizations (PPOs)
A type of health plan that contracts with medical providers to create a network of participating providers. You pay less if you use providers that belong to the plan’s network. Typically PPOs goffer a wider choice of providers than HMOs. Premiums may be similar to or slightly higher than HMOs, and out-of-pocket costs are generally higher and more complicated than those for HMOs.
Issue
Here's a breakdown of what various plan types typically feature. As you read about each type, just remember that today's health coverage market often offers "blends" of these traditional types. *Monthly premiums represent the total cost for a single employee (both employer and employee contributions). If you share premium costs with the employee, your business costs will be less.