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Do you know the difference between a PPO and an HMO is do you know which one is better well hey that's were going to find out today how's it being going everybody I'm Joey Cheng all the with Chen Golan Insurance and today were going to settle the debate on over through the debate but were going to settle it anyways of PPO versus HMO what do you need to know which ones better what should you buy well lets get into that right now so if you want to know the answer to which is better you need to ask yourself a question first and the question that you need to ask yourself is do you want to see more or less doctors once you have the answer to that question then you can decide if the HMO is right or the PPO is right at first well lets back up what does PPO actually mean well the letters PPO stand for preferred provider organization this plan is going to offer a higher reimbursement level for the treatment you receive from that preferred doctor if I were to say that in less fancy insurance terms you're just going to pay less basically you might also hear this preferred provider organization referred to as your insurance companies network of doctors and hospitals again these preferred doctors are going to offer their services to you at a discounted rate because that health insurance company is telling you that you can go see them you're also going to have the option to see non-preferred doctors as well again you're just going to have to pay a little more if you stray outside that network of doctors that's most commonly known as you're out of network coverage and to be honest for the last 10 to 15 years PP o--s have dominated the bulk of what's been available from your health insurance companies so what does HMO stand for then HMO stands for health maintenance organization, and they're making a comeback faster than, and I have a pop culture reference I have two little kids I know nothing about what's going on in the world outside world I don't have insert your own joke what's making a fast comeback somebody tells me this HMO plan is going to work a little differently than that PPO plan instead of choosing from a list of doctors you're only going to be able to go to those specific doctors and hospitals that have an agreement with that insurance company the goal of this plan structure is to have a primary doctor kind of manage and direct your care basically quarterback the thing and kind of tell you what you need to do when and where and who to go see, so the most famous example of this HMO structure is the company that is now called health span or formerly known as Kaiser Permanent the catch here with these HMO plans is that generally less expensive than a PPO plan however again that is an exchange for a limited selection of providers but not so fast lets go and take a closer look at this thing someone actually that questioning it how many doctors and hospitals do you want to be able to go to if something awful happens the answer to that again will settle...
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