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A preferred provider organization (PPO) health care plan offers the flexibility to go out of your provider network and see a specialist without a referral from a primary care provider.

Getting care outside your network gives you more options than other health plans, but that freedom comes at a higher cost. Out-of-network care typically costs more than if you stay in network and has higher health insurance premiums. Plus, reimbursement for out of network medical care is much lower than if you used a provider in network.

A preferred provider organization (PPO) health care plan offers the flexibility to go out of your provider network and see a specialist without a referral from a primary care provider.

Getting care outside your network gives you more options than other health plans, but that freedom comes at a higher cost. Out-of-network care typically costs more than if you stay in network and has higher health insurance premiums. Plus, reimbursement for out of network medical care is much lower than if you used a provider in network.

A health maintenance organization plan requires members to receive medical care in-network only and requires you to choose a specific primary care physician. Typically, your primary care physician coordinates most of the care you receive when you have an HMO. For example, you likely will need a referral to see a specialist. An HMO won’t cover your care if you go outside the plan’s network, except if you need emergency care. However, an HMO is more budget-friendly and has lower monthly premiums.

An EPO is similar to an HMO which requires you to stay in-network, but you do not need a referral from your primary provider. An HMO does not cover any out-of-network care except for emergencies. In other words, an EPO is not as strict as an HMO but not as flexible as a PPO.

Health Savings Account (HSA) are tax-advantaged accounts that let you save pre-tax dollars for future qualified medical expenses including co pays, prescriptions, dental, vision care and much more. These plans have higher deductibles and usually have lower insurance premiums, but no medical expenses are covered until you meet your plan deductible each year.

Funds that are deposited into an HSA grow tax-deferred and any un-used funds roll over each year to be used next year.

A Professional Employer Organization or PEO is a firm that partners with companies to provide comprehensive Human Resources (HR) services. These services include employee benefits, payroll, workers’ compensation, recruiting, and most importantly, compliance to state and Federal laws. PEO’s use the buying power of thousands of customers to give small businesses access to big-business benefits.