What does POS Plan mean? Read on to discover the definition & meaning of the term POS Plan - to help you better understand the language used in insurance policies.
A point-of-service (POS) plan is a health care plan that allows a person to choose from a primary care physician in the network. While the choice is limited, a POS offers medical care at a low cost. If the primary care physician cannot provide the care required by the patient, the former can refer someone from outside the network. Out-of-network physicians will then receive compensation that is often lower than those offered by other types of health insurance, namely health maintenance organizations (HMOs) and preferred provider organizations (PPOs).
We hope the you have a better understanding of the meaning of POS Plan.