PPO stands for the preferred-provider organization while POS means Point of Service. It can be confusing for a lot of people to choose which one is better, especially if they are not aware of the differences between the two. POS is very similar to the HMO, but this is not as restrictive.
With PPO, you will be allowed to visit the healthcare provider that you want without the need to get a referral from a physician. This will lower the costs that you have to pay for. PPS is different because it focuses more on how you can build your wealth as an individual so that you will have more money in the future. Their main goals are different from each other.
PPO and POS are two types of health insurance plans. PPO is the abbreviation for preferred-provider organization. With a PPO, deductibles and premiums are higher. However, there is more flexibility with this type of plan because there is a larger network and employers are able to go out of the network without the need of a referral. POS is an abbreviation for point of service plan.
It combines PPO's and HMO's (health maintenance organization). Like a PPO, in a POS the consumer can go out of network without a referral. However, for each out of network care, a claim needs to be filed and POS have higher deductibles.