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I do very little with Med Supps, probably sell between 5 to 10 a year. I'm comparing a PPO plan to a Cost plan, the Cost plan is less (by about $100/month with the same carrier), what are the traps when going the Cost plan route? I realize a person rarely gets something for nothing, so I only want to present it if I feel it's a viable option.
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I did some further researcher, it looks like cost plans are essentially "HMO" style plans?
With the carriers in my state, it looks like they the major carriers cover virtually every clinic system in the state and they have 9 month travel benefits outside the state, so it wouldn't be a big deal unless you plan on moving else where. The OPM max is $3,000 versus $0 OPM with the similiar PPO plan, but from what I can tell, the odds of ever seeing $3,000 would be very slim.
The whole HMO vs. PPO thing seems like the lines are blurred. Even for underage coverage in my state, all the carriers are listed as HMOs (with the exception of Assurant), however, for all practical purposes they operate like PPOs. No primary clinics, able to go to any in-network provider which includes most systems in the state and nationally as well.
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I did some further researcher, it looks like cost plans are essentially "HMO" style plans?
With the carriers in my state, it looks like they the major carriers cover virtually every clinic system in the state and they have 9 month travel benefits outside the state, so it wouldn't be a big deal unless you plan on moving else where. The OPM max is $3,000 versus $0 OPM with the similiar PPO plan, but from what I can tell, the odds of ever seeing $3,000 would be very slim.
The whole HMO vs. PPO thing seems like the lines are blurred. Even for underage coverage in my state, all the carriers are listed as HMOs (with the exception of Assurant), however, for all practical purposes they operate like PPOs. No primary clinics, able to go to any in-network provider which includes most systems in the state and nationally as well.
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