What is a HMO?

HMO stands for Health Maintenance Organization. HMO is a company that offers health plans, that provides medical care from an approved network of doctors, hospitals, and pharmacies. The patient needs to pay a preset minimum fee per visit. The HMO fees are usually lower than PPO (Preferred Provider Organizations). The advantages of HMO: No or very low deductibles Comprehensive benefits Preventive care is often good The disadvantages of HMO: HMO plan includes only a particular chain of hospitals and doctors The patient must see doctors within the network The patient must get permission from the primary physician to see a […]

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What are pre-existing conditions?

Pre-existing conditions are medical ailments for which you have already received or are receiving treatment for. Pregnancy, AIDS, high-blood pressure and stroke are all forms of pre-existing conditions. Different insurance carriers have their own policies for pre-existing conditions. Some insurance providers offer coverage after a certain waiting period while others totally exclude certain conditions. Having a pre-existing condition obviously puts you at a higher risk for compensation than people without pre-existing conditions and is therefore more difficult to get insurance cover.

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