Health Maintenance Organizations
- Required to have a primary care physician that’s responsible for managing and coordinating health care
- Must choose your doctors within the HMO network
- Need a referral to see a specialist except in emergency situations but the specialist must be in network at well.
- No coverage for any services that are out of network
Preferred Provider Organizations
- A health plan that has contracts with a network of preferred providers that you can choose from.
- You are not required to have a primary care physician and you do not need a referral to see a specialist.
- You can choose any healthcare provider in a network and pay the co-payment and deductible but if you choose an out of network provider there will be higher costs.
Century Preferred Comp
- It is a PPO plan that has varying levels of deductibles and coinsurance for all covered services.
- Has a network of providers that allows you to receive health care for cheaper than using out-of-network providers.
- No primary care physician referral required to see a specialist and all CT hospitals are in the network.
Point of Service
- Is a combination of the HMO and PPO plans with varying benefit levels.
- Required to designate a primary care physician who can make referrals to network specialists when needed.
- You can go to out of network providers but with greater costs.
Health Savings Accounts
- Savings account, that you contribute money into, that is used for health insurance costs.
- Employer may contribute to your HSA but you get to decide what doctor you see and how the money is spent.
- You must carry a high-deductible health plan to qualify for an HSA.
High Deductible Health Plan
- This is a requirement for having a Health Savings Account plan.
- Your deductible is higher than other insurance plans but your premiums are lower.
- Once you meet your deductible your covered health care costs are paid by the insurance company