Understanding The Different Layers of Protection in California's Health Insurance Market
If you are looking for health insurance for your business, it's easy to become confused by all of the rules and array of different types of plans. Here is an easy guide to understanding the different kinds of health insurance that are available to your employees.
There are three levels of service available to consumers, and you're probably most familiar with them by their acronyms. Here is a breakdown of each layer of service and how they differ.
Exclusive Provider Organization (EPO)
Many consumers have never heard of EPOs. This plan is similar to a PPO. The tradeoff is they can be costly, and they do limit the amount of help you can get outside of the network.
You are probably most familiar with this level of service. An HMO is usually the most inexpensive layer of protection however it also has its trade-offs.
A PPO allows you to see specific doctors within the network. If you go "out-of-network" and see a doctor, you could end up having to pay a portion or the entire bill.
PPO's are a good choice if:
If you are considering providing a health insurance plan for your company, we invite you to contact us for a thorough review of your situation and to learn how we can you.