 Group Health Insurance Plans
Group health insurance plans
This scheme comprises of two major plans.
- Managed Care
- Fee-for-service
Managed Care
These plans are agreements between certain doctors, hospitals, and health care providers, and are designed to offer a range of services to members at a reduced cost.
It goes by many names:
- Health Maintenance organization (HMO)
- Preferred Provider Organization (PPO)
- Individual Practice Association (IPA)
- Point Service Plan (POS)
Fee-for-service plans, is also known as indemnity plans. It allows the employees to choose health care providers themselves. This gives them a wide range of options that includes specialists such as cardiologists and surgeons.
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