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Types of Health Insurance Coverage

Source: InsuranceUSA


An HMO is a Health Maintenance Organization, and it is a healthcare system that accepts a fixed, prepaid fee to assume or share the financial risks and delivery risks of providing comprehensive medical services to a voluntarily enrolled population within a certain geographic area.


A PPO is a Preferred Provider Organization provides healthcare services at a discounted rate by encouraging members to use certain healthcare providers who contract with the PPO. Members of a PPO QUOTEcan also receive coverage for services from healthcare providers not within the PPO network.


An FSA is a Flexible Spending Account, which allows the members of the program to set aside pre-tax dollars from their paychecks for certain medical and dependent care expenses.


An HAS is a Health Savings Account allows members to save money in special tax-advantaged accounts. Qualified contributions can be withdrawn tax-free for certain medical expenses, and are tax-deductible in the account.


A Health Reimbursement Arrangement is an account that employers can establish for their employees in order to reimburse a portion of their family members’ medical expenses, such as coinsurance, pharmacy expenses, and deductibles.


Point-of-Service coverage allows members to choose needed medical services and to decide whether they will go to a BCBS (Blue Cross Blue Shield) network provider or seek out-of-network care.