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*The acronym HMO stands for health maintenance organisation. HMO intends to offer a wide range of medical treatments through a network of providers who have agreed to give services to HMO members. *When deciding whether to enrol in an HMO insurance plan, consider the cost of premiums, out-of-pocket payments, any specialised healthcare needs, and whether having one's primary care provider is essential. *The willingness to combine economic and care-quality incentives was the driving force behind the formation of HMOs. *The first and most evident advantage of joining an HMO is the reduced cost. There is a need to pay monthly or yearly set premiums less costly than conventional health insurance. *On the other hand, these plans frequently feature low or no deductibles and lower co-pays than other plans. Billing has also proved to be easier for individuals who have an HMO. #hmo #healthmaintenance #insuranceplan #medicaltreatments #healthinsurance #kalkinemedia To get more updates about Australia, NZ, UK, Canada and US stock market news, investors education & insights, subscribe our channel at https://bit.ly/3cHKioy Check out our media Website 👉 https://kalkinemedia.com/au Follow us and stay updated on the Go with the Market Charter 👇👇 Facebook - / kalkineau Twitter - / kalkineau LinkedIn - / 4829818