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When searching for a health plan, it's important to focus on both coverage and benefits. Coverage refers to the financial protection provided by the insurance, while benefits are the health services included in your plan. 

A Health Maintenance Organization (HMO) is a type of health plan that provides a local network of doctors and hospitals for you to choose from. It typically has lower monthly premiums compared to PPO or EPO plans. An HMO may be a good fit if you’re comfortable selecting a primary care provider (PCP) to manage your healthcare and are willing to pay a higher deductible in exchange for lower monthly premiums.

A Preferred Provider Organization (PPO) is a type of health plan that offers a broader network, giving you more options for doctors and hospitals. Generally, out-of-pocket costs with a PPO are higher than with an HMO or EPO plan. If you prefer greater choice and flexibility in selecting your healthcare providers and don’t mind paying a higher monthly premium, a PPO may be the right choice for you.

An Exclusive Provider Organization (EPO) is a health plan that also provides a local network of doctors and hospitals. EPO plans typically have lower costs than PPO plans, but care outside of the network is usually not covered, except in emergencies. If you're looking for lower monthly premiums and can manage a higher deductible when seeking care, an EPO might be a suitable option.

A Point of Service (POS) plan, like an HMO, requires you to get a referral from your primary care physician (PCP) before seeing a specialist. However, unlike an HMO, a POS plan allows coverage for out-of-network doctors, though at a higher cost. This can be particularly beneficial if you are managing a health condition and have specialists outside the network.

A High-Deductible Health Plan (HDHP) features low premiums but a high deductible. These plans are often attractive to young, healthy individuals with minimal routine medical expenses who want to protect against major health events. HDHPs can be structured as HMO, POS, PPO, or EPO plans. For those managing a health condition but unable to afford higher monthly premiums, an HDHP can offer long-term savings.

A High-Deductible Health Plan (HDHP) comes with lower premiums but higher upfront costs. Employers often pair HDHPs with Health Savings Accounts (HSAs) to help cover some or all of your deductible. You can also contribute pre-tax dollars to your HSA for medical expenses, which can save you around 30%. Additionally, services such as mammograms, colonoscopies, annual check-ups, and vaccinations may be covered at no cost, even if your deductible hasn’t been met, depending on your age.