Understanding Health Insurance: A deductible is the amount of money you need to pay before your insurance begins to cover costs. This amount is based on the policy you chose.

An out-of-pocket maximum refers to the cap, or limit, on the amount of money you have to pay for covered services per plan year before your insurance covers 100% of the covered services. Many health insurance plans, including individual and group plans, have a deductible and an out-of-pocket maximum.

HMO-Health Maintenance Organization: HMO provides or arranges managed care services for its members. It normally requires its members to choose a primary care physician (PCP) within its network.

PPO- Preferred Provider Organization: PPO offers a network of healthcare providers, but it allows its members to seek care outside of that network/ However, the member will h potentially pay higher costs.

EPO-An EPO is a type of health insurance plan that offers coverage only for in-network providers, except in emergencies. Members do not have to choose a PCP and can see any doctor in the network, and no referrals are needed for specialists. Deductibles and out-of-pocket may be lower compared to PPO.'s.

When choosing any insurance plan, make sure that it is suitable for your needs. Check the plan guidelines & benefits before finalizing.