Private health insurance is any type of health insurance plan you don't obtain directly from the government. There are many types of private insurance plans, including health maintenance organizations (HMOs), preferred provider organization plans (PPOs), point-of service plans (POS), short-term insurance and more.
What is an example of a private insurance company?
Private health insurance is primarily funded through benefits plans provided by employers. Examples include: Blue Cross and Blue Shield health insurance companies. Non-Blue commercial health insurance companies.
What is the most common type of private insurance?
Preferred provider organization (PPO) plans\n\n The preferred provider organization (PPO) plan is the most common insurance coverage plan offered by employers. According to KFF1, 47% of surveyed individuals with an employer-sponsored plan have a PPO.
What are the 2 most common health insurance plans?
A type of health plan that contracts with medical providers, such as hospitals and doctors, to create a network of participating providers. You pay less if you use providers that belong to the plan's network.