How to Get Low Cost Medical Insurance

If you're looking for a low cost medical insurance plan, your best bet is to avoid traditional indemnity (fee-for-service) plans and go with an HMO or a PPO. Here's a comparison of the two plans and information on where to the best rate on either one.





Medical Insurance Plans





Medical insurance plans fall into two categories - traditional indemnity plans and managed health care plans (HMOs, PPOs, and POSs). Of all the health care plans HMOs and PPOs are the least expensive. Here's an overview of each of these plans.





HMO (Health Maintenance Organization)





With an HMO you pay a monthly fee and are assigned to a network of doctors and hospitals you must must use for your health care. You are also assigned to a primary care physician who oversees your care and refers you to specialists.





The advantages of using an HMO are:





* You only pay a fixed monthly premium no matter how much your medical costs are.