What is a Point of Service (POS) plan?
A POS plan is a cross between an HMO plan and a PPO plan. Similar to an HMO, it is required to select a primary care physician (PCP) whose services will usually be provided independently of a deductible. POS plans also share the HMO’s concentration on preventive medicine. The highest percentage of coverage will almost always be for services rendered or referred by your PCP. As with PPOs, visits to out-of-network providers generally require payment of the deductible and less of the costs will be absorbed by the insurance company. Another consideration is that not only may up-front payment be required, but the out-of-network provider will not submit your claim for reimbursement.
Small Business Health Insurance FAQs
- Am I eligible to enroll under a small business health insurance plan?
- Are there tax benefits that accompany buying group health insurance?
- Does my company qualify for group health insurance?
- How do I choose the best group health insurance plan for my company?
- How much of the employees’ premium is the employer required to pay?
- Is dental coverage automatically included?
- Should I only include employees who want insurance?
- The only two employees in our company are my spouse and me. How should this information be entered?
- What are the different kinds of group health insurance?
- What is a benefit rider?
- What is a Health Maintenance Organization (HMO)?
- What is a multi-plan?
- What is a Point of Service (POS) plan?
- What is a Preferred Provider Organization (PPO)?
- What is an Indemnity plan?
- What is the process for obtaining small business coverage?
- Why do you need to know my zip code?
- Why should I provide group health insurance to my employees?
- Will my final group health insurance costs be the same as the rates on my initial quote?