Hospital Plan Comparison – Get Best Hospital Plan Quotes By Comparing Them Online
If you are looking for a quality and affordable hospital insurance plan then you must first be able to perform right hospital plan comparison. In order to compare hospital plans, you must have the basic knowledge about different types of health insurance plans that cover hospital insurance cover too.
There are several short term and long term benefits of buying reliable and affordable hospital insurance. Basically, this plan supports almost all types of hospitalization related expenses such as doctor visits, medicine bills, room charges, anesthesia bills, medical surgery cost, etc. If you do not want to pay huge medical bills at once then hospital insurance plan is the best deal for you.
Read further to find out the major types of hospital plans in order to compare them and find the best one for your needs.
Best hospital insurance plans for comparison
1) HMO Insurance Plan HMO stands for Health Maintenance Organization. This is a prepaid health insurance plan and it basically covers comprehensive medical expenses such as emergency care, doctor visits, lab tests, X-rays and therapy, medical surgery, room charges, etc. The doctors and other medical specialists are already selected as a part of the approved HMO network of doctors. Usually, you will have to select the medical specialist only from this group.
If you want to go for your own doctor who is out of this network then you basically have to pay more in the form of additional fees. In some cases, you will also need to pay a small copayment charges for the services such as doctor visits and emergency room treatment, etc. But the overall cost of the service will be much lower as compared to the other expensive health insurance plans.
2) PPO Insurance Plan PPO stands for Preferred Provider Organization. This health insurance plan is the ideal combination of HMO plan and the conventional fee-for-service insurance plan. However, the number of doctors and medical specialists are very less in this network. But most of the major hospitalization expenses get covered under this health insurance plan.
Whenever you visit any doctor from this network, you need to present your card and do not have to fill out any application form. In some cases, there is a small copayment in the form of coinsurance and deductibles when you opt for PPO insurance plan. PPO plans also support preventive care treatments such as immunization, primary doctor visits and mammograms.
3) POS Insurance Plan Point of Service (PPO) health insurance plan is said to have the best of both HMO and PPO plans. According to this plan, the patient must select his/her primary doctor for all his primary treatments. That patient must consult all his/her primary healthcare concerns with his/her selected doctor only. This is also known as a managed healthcare plan but usually the user has the most diverse options and benefits to choose as compared to HMO and PPO health insurance plans. If you choose out of network doctor or a specialist for your treatment then you usually do not get any benefits and monetary compensation attached to the POS plan.