Quote:
Originally Posted by LoriAnn
PPO is generally a better option than HMO and PFFS. However they still have co-pay also known as co-insurance and deductibles that are not found in Traditional Medicare. All replacements including PPO, PFFS and HMO were specifically designed to spend less on services to the Patient. That is their sole purpose.
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Where did you get that idea? These plans are simply Insurance Policies which are designed to limit your financial burden that a serious illness would cause. And like insurance on your home or car, there are various levels of deductibles. The higher the deductable, the lower the premium
Last year, I had to go to the emergency room. I was there for about 4 hours under observation and had an X-ray, scan, and blood tests. The total cost for that short stay was over 7,000 most of which was covered by my plan.
When I enter my meds into the Medicare comparison website program, it reports the following for my estimated annual out of pocket expenses:
Standard Medicare: 6,400
Standard Medicare with a Prescription Drug Plan: 4,000
AARP Choice Plan 2 (PPO): 3,300
Preferred Car Partners Gold (HMO): 1,200
So it really depends on each individuals health and medication needs as well as their tolerance for risk. No one size fits all.