Question

Explain how a typical major medical contract works.

Answer 1

An individual who needs to secure helth insurance may find a variety of health insurance providers with unique futures . One type of insurance provider that is popular in the health insurance marketplace is a health maintenance organisation (HMO), an insurance structure that provides coverage through a network of physicians. Helth maintenance organisation (HMOs) provide health insurance coverage for a monthly or annual fee. An HMO limits members coverage to medical care provided through a network of doctors and healthcare provider who are under contract to the HMO.