Preferred Provider Organization – PPO

Preferred Provider Organization – PPO
A type of health insurance arrangement that allows plan participants relative freedom to choose the doctors and hospitals they want to visit. Obtaining services from doctors within the health insurance plan's network, called "preferred providers", results in lower fees for policyholders; however, out-of-network doctors are still covered. Coverage under a preferred provider organization (PPO) requires ongoing payment of premiums by policyholders to the insurance company.

In contrast to an HMO, with a PPO it is not necessary to designate a single doctor as a policyholder's primary care physician, nor is it necessary to obtain a referral from a primary care physician in order to see a specialist such as an orthopedist or an ear, nose and throat doctor. However, non-emergency hospital visits and outpatient surgery often must be pre-approved by the insurer in order to be covered.

Investment dictionary. . 2012.

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  • preferred provider organization — noun also preferred provider network : PPO herein * * * noun, pl ⋯ tions [count] US : ppo * * * preferred provider organization [preferred provider organization …   Useful english dictionary

  • preferred provider organization — n. PPO * * * n (abbr PPO) (in the US) a special type of health maintenance organization (HMO) which provides health insurance for groups. Companies often pay most of the cost for their employees. * * * …   Universalium

  • preferred-provider organization — UK US noun [C] ► PPO(Cf. ↑PPO) …   Financial and business terms

  • preferred provider organization — noun care plan, comprehensive health plan, controlled medical coverage, discounted health membership group, discounted provider network, network of medical care providers, organization of medical providers, PPO Generally:{{}}supervised medical… …   Law dictionary

  • preferred provider organization — n. PPO …   English World dictionary

  • Preferred provider organization — HealthcareIn health insurance, a preferred provider organization (or PPO , sometimes referred to as a participating provider organization) is a managed care organization of medical doctors, hospitals, and other health care providers who have… …   Wikipedia

  • preferred provider organization — pre·ferred pro·vid·er organization prə .fərd prə vīd ər n PPO …   Medical dictionary

  • preferred provider organization — noun Date: 1983 PPO …   New Collegiate Dictionary

  • preferred-provider organization — /pri ferrd preuh vuy deuhr/ a comprehensive health care plan offered to corporate employees that allows them to choose their own physicians and hospitals within certain limits. Abbr.: PPO * * * …   Universalium

  • preferred provider organization — pre|ferred pro|vid|er or|gan|i|za|tion [ prı,fɜrd prə vaıdər ɔrgənı,zeıʃn ] noun count a PPO …   Usage of the words and phrases in modern English

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