MANAGEMENT

Detailed explanation-1: -What is an HMO Plan? HMO stands for Health Maintenance Organization. These types of plans offer you a wide range of healthcare facilities. Their massive network of providers offers you their services at a cheap cost. You will also have a broader range of preventive services than other types of plans.

Detailed explanation-2: -A type of health insurance plan that usually limits coverage to care from doctors who work for or contract with the HMO. It generally won’t cover out-of-network care except in an emergency.

Detailed explanation-3: -Meaning of HMO in English abbreviation for health maintenance organization: a group that provides healthcare to people who pay to join it: For a monthly flat fee, paid by the consumer or employer, HMOs provide a specified list of medical services both in and outside the hospital.

Detailed explanation-4: -Preferred Provider Organization (PPO): A type of health plan where you pay less if you use providers in the plan’s network. You can use doctors, hospitals, and providers outside of the network without a referral for an additional cost.