- HMO: On the plus side, Health Maintenance Organization costs are low, with one fixed, monthly pemium and either no payment, or a nominal one, required for office visits. On the minus side, you will be limited in your choice of physicians and specialists. And the HMO must authorize diagnostic tests.
- PPO: With a preferred provider organization, you'll have your choice of a wide range of physicians in the plan - and may be able to choose a provider outside of the plan, if you pay for a substantial portion of the cost. You may be required to pay larger out-of-pocket expenses for copayments and diagnostic tests, since a PPO not only negotiates discounts with its providers, but likely requires pre-certification for these tests
- HSA With a health savings account, you set aside money on a pretax basis to pay for healthcare expenses throughout the year. If you don't spend the money, you get to roll it forward on a tax-deferred basis, to help with future medical expenses. The plan likely gives you a wide choice of providers, counting on your willingness to choose the most cost-effective course of treatment.
- Choice of physicians, hospitals and other providers
- Cost of premiums, copayments, and "out of pocket" expenses
- Coverage for prescription drugs
- Wellness program coverage
- Tax advantages