Preferred Provider Organization health plans (PPOs) give employees access to a network of healthcare professionals. Hiring Employee benefit consultants allows companies to determine whether PPOs provide workers with reliable coverage options.
Employees receive two levels of coverage with PPOs, including in-network and out-of-network care. PPOs give workers the flexibility to visit any healthcare professional. However, businesses provide less financial support when workers visit healthcare professionals outside the preferred network. This sort of coverage ensures that personnel are responsible for low co-payments, manageable monthly premiums and deductibles ranging from $250 to $2,000.
Many companies offer Health Maintenance Organization plans (HMOs) because they can be less expensive than PPOs. HMOs feature a limited network of physicians, hospitals and healthcare providers employees can access. Participants pay a predetermined co-payment if they visit healthcare professionals without having to file claim forms unless they receive medical assistance outside the network.
Employee benefits consulting can help employers weigh their options as they decide between PPOs and HMOs. Both plans offer healthcare assistance to employees, but consultants can help supervisors examine the costs, benefits and long-term implications associated with each option.
