Are you looking for an HMO health insurance plan that won't break the bank? HMO plans, which are also called Health Maintenance Organizations, give policyholders a list of doctors from which they can choose their own PCP, or primary care provider. Most of the time, a general practitioner or family doctor is the PCP. Once the policyholder has chosen his PCP, he can go to him for general health issues and be sent to other doctors for more specialised care. The contracts between the HMO and the medical providers mean that policyholders with HMO plans can pay a lower monthly premium. Policyholders may also have to pay a small co-payment for certain services.
Before you start looking for a cheap HMO health insurance plan, you should get in touch with three places:
The insurance office for your state. Your state's insurance department can tell you if the insurance company from which you might buy your HMO health insurance plan is allowed to do business in your state. If it isn't, find a different health insurance company.
The Better Business Bureau. The Better Business Bureau (BBB) can help you find out if anyone has complained about the insurance company where you might buy your HMO health insurance plan. You need to know about these complaints to figure out if the health insurance company handles problems quickly, fairly, and to your satisfaction.
A company that does research on its own. Companies that do their own research look into different companies, businesses, products, etc. They are a third-party company, which means they have nothing to do with the things they research. This means that their reports are honest and correct. An independent research company can help you find out the insurance company's financial rating so you can decide where to buy your HMO health insurance plan. The financial rating tells you if the health insurance company is financially stable or not.
