Why Should I Get Health Insurance?
![What to Consider When Buying Health Insurance](https://www.moranfinancialsolutions.com/wp-content/uploads/2022/04/Health-Insurance-Marketplace-300x206.jpg)
Types of Health Insurance Plans
Health Maintenance Organization (HMO):
The main advantage of an HMO is its low cost. Because the insurance company contracts with a limited number of providers, they are able to negotiate lower rates. In addition, many employers offer tax breaks for employees who enroll in an HMO.Preferred Provider Organization (PPO):
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Exclusive Provider Organizations (EPOs):
An EPO is a type of health insurance plan that contracts with only one healthcare provider network. This means that members are restricted to using the providers within the EPO's network, and out-of-network care is not covered. EPOs can be helpful for people who know they want to use a particular healthcare provider and don't want to worry about being charged more for seeing out-of-network doctors.Point-of-Service Plans (POS):
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