Joining an HMO will help lower your health insurance cost. They provide a far cheaper option than traditional health insurance. With the cheaper cost comes restrictions in the doctors, health care professionals and hospitals you can use.
For those who want total freedom of choice of whom to use and where to get medical care, a traditional health insurance plan is still your best bet.
For such people, cost can be reduced by a great margin if you can take the time out to shop extensively for the best rates. This is a guaranteed way to pay far less while using a traditional health insurance plan.
However, where you are willing to accept the restrictions, you'll pay less with an HMO.
Using a Preferred Provider Organization (PPO) is another way you can cut down on health insurance cost. It costs more than an HMO and also gives you more choices. It's up to you to compare the value you'll get with what you'll save to decide whether you prefer it to traditional health insurance.
If saving is more important to you than flexibility or more choices, then use a PPO.
You can realize savings of several hundred dollars on your health insurance policy by requesting for (and comparing thoroughly) quotes from insurance quotes sites.
You'll make savings if you visit only one quotes site. But keep this in mind; you'll get better results by visiting at least three. The simple reason for this is that you'll get many more health insurance quotes from many more insurers. This raises your chances of getting better offers.
By Chimezirim Chinecherem Odimba