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Exhibit 5 HMO Premium Quote [Supplier Name] Plan Year 20231. The State of Oklahoma offers four coverage tiers for both eligible current and eligible former employees and their eligible dependents.2.
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An HMO, or Health Maintenance Organization, is a type of health insurance plan that provides a network of healthcare providers for members to choose from. Members are required to select a primary care physician who coordinates their care and must obtain referrals to see specialists.
Health insurance companies that offer HMO plans are required to file information about how the plan works.
Health insurance companies must report detailed information about the HMO plan, including the network of providers, cost-sharing amounts, and coverage limitations.
The purpose of reporting on how an HMO plan works is to ensure transparency and accountability in the healthcare system.
Health insurance companies must report on the network of providers, cost-sharing amounts, coverage limitations, and other details of the HMO plan.
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