El Paso small business combined group health insurance rates

 

 

El Paso small business combined group health insurance rates

HMOs and PPOs

In recent years, a financial crisis has descended on the field of medicine as the cost of medical care has skyrocketed, almost without regard for what is true, proper, and just. Doctors have been accused of ordering unnecessary tests and of keeping patients in hospitals for too long, while the fees charged by specialist consultants have soared. There seems to be no limit on how high the price of good health care El Paso small business combined group health insurance rates can go.

This out-of-control inflation has triggered increases in health insurance premiums that could turn your hair white. The El Paso small business combined group health insurance rates is well aware that they are pricing health insurance to the point where people can no longer afford it. Thus, they are working to keep the increase in premiums to a minimum (or so they claim). The rallying cry of the industry in this battle has become “cost containment,” as insurance plan after insurance plan seeks to adjust its way of doing business to keep accounts payable in line, and thus premium increases from going through the roof.

Out of this quest for cost containment have come two new major types of insurance plans whose purpose it is to control the cost of medical care, with the saving supposedly passed on to you by way of lower premiums. These two new players are the health maintenance organization (HMO) and the preferred provider organization (PPO).

Health Maintenance Organizations

This is similar to the way an HMO works. Instead of the government paying the tab, you do through premiums paid to the health maintenance organization plan. These premiums are sometimes paid by individuals and sometimes by a group for its El Paso small business combined group health insurance rates members.

When you join an HMO, you are called a plan member. As a member you are entitled to receive all of the health care you need, including preventive health services, with very little money coming out of your pocket by way of copayments or deductibles. Thus, the primary benefit of an HMO is almost complete control over out-of-pocket health care expenses. Once your El Paso small business combined group health insurance rates premiums have been paid, you’re home free.

What’s the catch, you ask? Good question. Well, it’s this: If you join an El Paso small business combined group health insurance rates HMO, in all but life-threatening emergency situations you must use the doctors and facilities authorized by the HMO. In other words, in return for lower premiums and little or no copayments, you give up your freedom of choice. You can only use doctors approved by the HMO.

 

 

…Continued in El Paso small business employee handbook 

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