What is HMO (Health Maintenance Organization)? | Insurance Exam Prep

An HMO is a managed care health insurance plan that provides comprehensive coverage at the lowest cost, requiring members to select a primary care physician (PCP) who coordinates all care and provides referrals to specialists within the network. 📚 Learn more about HMO (Health Maintenance Organization) and other key terms for your LIFE-HEALTH-INSURANCE, PROPERTY-CASUALTY-INSURANCE exam at Open Exam Prep. 🎯 This term appears on: LIFE-HEALTH-INSURANCE, PROPERTY-CASUALTY-INSURANCE 🔗 Full glossary: https://www.open-exam-prep.com/glossary 🔗 HMO (Health Maintenance Organization) definition: https://www.open-exam-prep.com/glossary/hmo 💡 Exam Tip: HMO = lowest cost, requires PCP, requires referrals, in-network only. PPO = highest cost, most flexibility. EPO = hybrid (network-only like HMO, no referrals like PPO). --- #insurance #examprep #financeexam #life-health-insurance #property-casualty-insurance