our country, health care is changing rapidly. More than half
our citizens are now enrolled in some kind of managed care plan.
We have selected these plans as an organized means of not only
providing medical services, but also paying for them.
We hear references to terms like Preferred Provider Organization
(PPOs), Health Maintenance Organizations (HMOs), and Point
of Service (POS) plans. But what do these health insurance
terms mean? What are the differences between them? How do
we make the choice of one versus another?
One of the more popular types of individual coverage is known
as Personal Comp. This type of policy provides the insured
the maximum flexibility. Another less typical, yet potentially
beneficial style of coverage is called the Medical Savings
Account. This plan allows a different financial emphasis in
payment of medical costs.