When both you and your health insurance company pay your medical expense, it is called cost sharing. Deductibles, coinsurance and co-pays are all examples. Understanding how they work will help you know when and how much you have to pay for care.
If you prefer to have your care coordinated through a single doctor, an HMO plan might be right for you. If you want greater flexibility or if you see a lot of specialists, a PPO plan might be what you’re looking for. And if you’re interested in saving money by using a smaller network of doctors and hospitals, an EPO plan might be a good fit.”