Health Insurance

Do you know the differences between an HMO (Health Maintenance Organization), a PPO (Preferred Provider Organization), an FFS (Fee for Service), and a POS (Point of Service) plan? Don't feel bad, even some doctors don't seem to understand it all. Fortunately, the insurance experts at O'Donovan & Associates are here to help.

Here in the United States, we have access to the best medical care in the world. The trick is balancing the costs with the benefits. That's why a well-designed, comprehensive health insurance plan is so important. First, we start with your objectives and determine the risks you're most likely to face based on your specific circumstances, including family history and lifestyle. Then we find a series of available plans that maximize your benefit while minimizing your various out-of-pocket costs, including the monthly premium, deductible, copayment, and coinsurance. If you're an individual, a so-called "individual" plan or family plan might be best for you. If you're a business owner, a group policy may be more appropriate.