Why might point-of-service health insurance be right for a cancer survivor?

A point-of-service (POS) plan offers more flexibility and choice regarding medical providers and facilities than some other plans. If you see providers in the health maintenance organization (HMO) network, your costs are at the HMO rate. However, you have the option to seek services from a larger network of providers, as in a preferred provider organization (PPO). If you seek services from the PPO providers, you will have higher costs for having this greater flexibility.

These plans reimburse at a set percentage rate regardless of who provides the medical care. You have a choice regarding providers and facilities, although you may be encouraged to work with a primary care physician (PCP) who can make referrals for care within the plan network. If you go outside the plan network, you must make certain that the medical provider is willing to accept the payment that the POS plan has assigned or you may be billed for the balance for the health services provided. POS plans were created by HMOs to give members more treatment options, but the premium is typically higher.

Continue Learning about Health Insurance

What is a health reimbursement account (HRA) plan?
A health reimbursement account (HRA) is established and funded by your employer to help you meet you...
More Answers
Where do most Americans get their health insurance?
Joane GoodroeJoane Goodroe
With the Affordable Care Act  (Obamacare) in place, there are three major ways for people to secure ...
More Answers
What should a transplant recipient know about health insurance?
Columbia University Department of SurgeryColumbia University Department of Surgery
Insurance has become the ugly word of medicine. With that said, it is important that you know as muc...
More Answers
Can I have a HRA and a healthcare FSA to cover healthcare costs?
Your employer may choose to offer you a health care flexible spending account (health FSA) as well a...
More Answers

Important: This content reflects information from various individuals and organizations and may offer alternative or opposing points of view. It should not be used for medical advice, diagnosis or treatment. As always, you should consult with your healthcare provider about your specific health needs.