A Point of Service plan (POS) is an HMO plan combined
with a PPO plan. You have the option to go either way. Also called
an open-ended plan. Permits members to use their HMO plan with the
benefit of a lower copayment or member may choose to go out of their
plan and pay the higher copayment.
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Advantages of POS
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Disadvantages of
POS
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| You can get your medical care anywhere you want
without getting referrals or prior approvals. |
To control costs, insurance companies shift more
costs to you, making POS plans more costly to you than HMOs
and PPOs. |
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Your healthcare provider may expect you to pay
up front and submit a claim to your insurance company for reimbursement.
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