What is the Difference Between an HMO and PPO Plan?

Choosing a healthcare plan can be difficult, especially when you are not only making the choice for yourself, but also choosing for your family. You want to make sure that your family has the best care possible. With so many options out there, it is tough to decipher what makes one better than the other. One inquiry that comes up for BenefitSource Insurance Services, Inc. in Aliso Viejo, CA quite often is how to tell the difference between a Health Maintenance Organization (HMO) policy and a Preferred Provider Organization (PPO) policy. Here are some highlights of each policy in order to help with understanding the differing characteristics:

HMO Plans

An HMO policy allows you to see any doctor or visit any hospital as long as it is within network. The providers that make up the network have agreed to lower prices for its members, in addition to providing quality service and standards. There are also more coverage restrictions associated with HMO plans, such as the amount of tests or visits that a policyholder can have within the policy timeframe. Another feature of an HMO plan is that if you need to see a specialist, you will have to visit your primary care physician (PCP) first for a referral.

PPO Plans

A PPO policy offers fewer restrictions when choosing a provider or medical facility. They, too, have a network of preferred doctors, however, you do have the ability to see someone outside of the network. That said, fees will most likely be higher than those associated with in-network physician visits. Another key feature of a PPO plan is that you can go directly to a medical specialist without going to a PCP for a referral.

Trying to decide between health insurance policies is a difficult task. The best thing you can do is as much research as possible on the plans that you might be interested in. If you still need help choosing the right healthcare plan, please contact BenefitSource Insurance Services, Inc. in Aliso Viejo, CA. They will be able to explain your options in detail and advise you on which policy is best for you and your family.

Should You Factor Funeral Expenses Into Your Life Insurance Policy?

Selecting an amount of life insurance coverage may be confusing. Many people wonder if they should factor in the cost of final expenses so the family doesn’t have to worry about covering costs at that time. Most people know that you should plan for bills and other expenses, but is it standard protocol to factor in the funeral costs?

Planning For The Future

You want to ensure that your family has everything they need if you should pass away. That is why it makes sense to factor in your funeral expenses when you select your life insurance policy. If you are unsure how much the average funeral costs, you can consult your life insurance agent. They have experience with this aspect of coverage and can help you figure an amount that will work for your budget and family needs. 

Getting The Life Insurance Coverage You Need

If you are in the market for a life insurance policy, it is important to work with an agency that has experience and cares about providing customers with the insurance coverage they need to protect their family from financial devastation in the event of your untimely passing. If you are looking for reliable, friendly assistance purchasing a life insurance policy and live in California, Oregon, Arizona, Washing, Nevada, and Texas, you can count on BenefitSource Insurance Services, Inc. to guide you through the process and help you provide coverage that will help prevent financial problems for your family.

Protect your family with the right type of insurance products with the assistance of BenefitSource Insurance Services, Inc. serving the residents in California, Oregon, Arizona, Washing, Nevada, and Texas. Call or stop by the office to get more information and answers to your questions. 


Tweaks and Tricks for Your Commercial Insurance

Getting a new commercial insurance policy with us at BenefitSource Insurance Services, Inc. can be a challenge if you aren’t sure where to start. So if you live in Aliso Viejo, CA and are starting a new business, here are a few tweaks and trips you can take advantage of to improve your insurance and ensure that you don’t pay too much.

Cut Unnecessary Coverage Types

Your commercial insurance should vary depending on the type of business you operate, and your insurance should only cover what you need. For example, vehicle coverage is not necessary for companies that have only one or two vehicles. You can also cut flood insurance coverage if you are nowhere near a flood zone.

Maximize Your Liability Insurance

Conversely, you should always have as much liability insurance as possible for your business. Even if you have to take out extra supplemental policies, you need to ensure that your company is protected from lawsuits. For example, a customer could spill food on their lap and attempt to sue you for it because it was prepared too hot. With liability insurance, you can cover most, if not all, of the damages.

Don’t Neglect Cyber Insurance

Whether you are up to date with technology or not, you need to get cyber insurance for your company. Hackers are everywhere, and they can take advantage of weak cyber coverage. Thankfully, cyber insurance will kick in and protect you if you get hacked, and you or your customers suffer from any financial hardships.

These tweaks and others – such as business interruption insurance and policies for your freelancers – are necessary if you want your Aliso Viejo, CA business to succeed. Please contact us at BenefitSource Insurance Services, Inc. if you operate in this city or anywhere in the surrounding area.