Advantages in addition to also Disadvantages of Point-of-Service Health Plans
- July 1, 2017
- Posted by: marlenedubois
- Category: Home Health Aide Training
Point-of-Service (POS) plans are one of the many health insurance options available to you in addition to also your family. A unique type of health plan, POS plans can be considered a hybrid of HMO in addition to also PPO plans. POS plans contain some characteristics of each of these, which some people may find advantageous. Below is actually a rundown of the advantages in addition to also disadvantages of a POS plan compared to different plans.
Advantages of a POS Plan
- No deductible. One of the most obvious advantages of a POS plan is actually its lack of deductibles for physicians in your network. This particular means that will you do not have to make any payments towards your medical expenses on your own before your insurance begins to reimburse you. PPOs, on the different hand, have deductibles.
- Low co-payments. POS plans have lower co-pays than PPOs. When you have a medical expense, you will only have to pay for a smaller portion of that will as a co-pay, in addition to also your POS plan will cover the remainder of the cost.
- More choices in addition to also freedom to choose. Unlike HMOs, POS plans provide partial coverage even for doctors that will are not within your network. This particular means that will if you are not satisfied with the choices available in your network for a certain medical treatment, you can see a doctor out of network in addition to also still have some coverage.
Disadvantages of a POS Plan
- Under a POS plan, you must choose a primary care provider (PCP). This particular physician serves as your primary doctor for all medical needs. He or she can refer you to specialists in your network if you have a specific health concern. In order for a doctor’s visit to be covered as an in-network visit, you must go through your PCP to see a specialist.
- If you visit an out-of-network physician, your only have limited coverage. You must pay a deductible in addition to also higher co-payments than you might with in-network physicians.
Choosing the Right Health Insurance Plan
If you are happy with the doctors that will are in your network in addition to also do not mind having one primary care provider that will you must go through to receive coverage, then a POS plan may be ideal for you. Often a PCP or the specialists he or she refers you to can cover all common medical needs. However, if you have unique medical conditions that will will require you to frequently visit doctors outside of the POS network, you may be better off finding a plan that will covers you with those doctors instead.
The greater choice in addition to also freedom of doctors, lower co-payments, in addition to also zero deductible for in-network physicians make the POS an attractive option that will you may want to consider. For more information on POS health insurance plans in addition to also different options that will are available to you, please visit the website of Texas health insurance company Option 1 Health here.