What does HMO stand for in health insurance?

HMO stands for Health Maintenance Organization. This type of health insurance plan emphasizes preventive care and the maintenance of health. It operates on a model where members select a primary care physician (PCP) who serves as their main point of contact for health services and referrals to specialists. The goal of an HMO is to provide comprehensive health services while managing costs effectively, encouraging members to seek care that helps prevent serious illnesses and promotes overall health. This model typically involves lower out-of-pocket costs for members compared to other types of insurance plans, making it an attractive option for many individuals seeking healthcare coverage.

Each of the other terms presented as options does not align with the established terminology in health insurance. "Health Management Operation," "Health Market Organization," and "Health Medical Organization" are not recognized terms in the health insurance industry, which further underscores the accuracy of "Health Maintenance Organization" as the correct designation.