PrestigePEO offers a full spectrum of medical plan options, ranging from local networks to plans that provide nationwide access. Prices and coverage will vary, so be sure to check out the PrestigePRO Employee Benefits Portal to review all your options.
Medical Plan Types
- Preferred Provider Organization Plans (PPO) A PPO is a medical plan that links select hospitals and doctors to create a network of participating healthcare providers. Under this kind of plan, you’ll pay less if you stay in-network and visit a participating healthcare provider. You can also utilize services at out-of-network healthcare providers for an additional cost, but it’s important to keep in mind that these costs could be significant. Most services under a PPO plan are subject to a copay, or an additional fee at the time of service. Some services may also be subject to a coinsurance.
- High-Deductible Health Plans (HDHP) This type of medical plan has a higher deductible than traditional insurance plans. Monthly premiums for these plans are typically lower than traditional plans, but out-of-pocket costs may be greater if you require medical care. In-network preventative services are fully covered. A HDHP is often combined with a Health Savings Account (HSA), a tax-exempt fund that can be used to pay for medical services.
- Exclusive Provider Organization Plans (EPO) An EPO is a managed care plan which only covers medical care via in-network healthcare providers, unless in an emergency.
- Point-of-Service Plans (POS) With a POS plan, you’ll pay less if you utilize services from in-network healthcare providers. There are no referrals required to see a Specialist.
- See Terms to Know
Choosing a Medical Plan
PrestigePRO will include all of the plans that are available to you. If you are adding your dependents, make sure they’re included so that your coverage on November 1st will reflect your coverage tier. If you have any questions, feel free to contact your Benefits Specialist or call the Benefits Hotline at (833)-PEO-BEN1.