HMO (Health Maintenance Organization)

A HMO is an organization that provides comprehensive health care to voluntarily enrolled individuals and families in a particular geographic area by member physicians with limited referral to outside specialists and that is financed by fixed periodic payments determined in advance. HMO's tend to be more cost effective in comparison to PPO's, POS, and traditional indemnity plans, however the insured must stay within the HMO network, limiting one's choice of healthcare providers.

Health insurance may very well be the most significant benefit at a company. It behooves the intelligent company to seek guidance from experts in this area to ensure benefits are maximized and costs minimized.

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