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Health Maintenance Organization (HMO) Definition and Explanation PDF Download

Learn Health Maintenance Organization (HMO) definition in hrm with explanation to study “What is Health Maintenance Organization (HMO)”. Study health maintenance organization (hmo) explanation with HRM terms to review HRM course for online MBA programs.

Health Maintenance Organization (HMO) Definition:

  • Plan that provides services for a fixed period on a pre-paid basis.

    Human Resource Management by Robert L. Mathis, John H. Jackson



Health Maintenance Organization (HMO) Explanation:

A person that necessities to verify their own medical coverage plan may discover an assortment of medical coverage suppliers with remarkable highlights. One sort of protection supplier that is prevalent in the medical coverage commercial center is the well being upkeep association (HMO), which incorporates a system of doctors under its inclusion. A well being upkeep association (HMO) is a system or association that gives medical coverage inclusion to a month to month or yearly charge. A HMO is comprised of a gathering of therapeutic protection suppliers that limit inclusion to medicinal guide gave from specialists that are under the agreement of the HMO. These agreements consider premiums to be lower since the well being suppliers have the upside of having patients coordinated to them, however these agreements likewise add extra limitations to the HMO's individuals. When choosing whether to select a HMO plan, you ought to consider the expense of premiums, out-of-pocket costs, if your ailment requires specific consideration, and in the case of having your very own essential social insurance supplier is significant.

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