Health Insurance: POS Plans

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POS refers to "Point of Service." How the plan pays depends on where you go for medical care, your "point of service".

POS plans are a hybrid of an HMO type plan and a Fee-For-Service (Indemnity) plan. You can receive care within the company's network as if it is an HMO. If you want to go outside the network, you can choose any provider you want. However, you pay a portion of the cost of the service.

A POS plan is more flexible than an HMO and more costly as well. It is less costly than a Fee-For-Service Plan. For additional advantages and disadvantages of a POS type health insurance policy, click here.

Do what you can to keep your health insurance. With your health history, health insurance is one of your most important assets.

If you have insurance through work, you can continue your insurance through COBRA and HIPAA. Before automatically using COBRA, it is advisable to check the individual policies available in your state to see you can get cheaper premiums and/or better coverage. For information about what is available in your state, see: www.HealthCare.gov
If you are having difficulty paying the premiums and other health care costs, see Health Insurance: Financial Assistance To Pay Premiums, Deductibles, CoPays, CoInsurance and How To Deal With A Financial Crunch.