What is a key feature of Point of Service (POS) plans?

A key feature of Point of Service (POS) plans is that they charge lower out-of-pocket costs for in-network services. This type of plan combines elements of both Health Maintenance Organization (HMO) and Preferred Provider Organization (PPO) plans, providing flexibility in choosing healthcare providers. Members are encouraged to use in-network providers, as doing so results in reduced copayments and coinsurance, making healthcare more affordable.

In contrast, while POS plans do allow for out-of-network provider visits, those typically come with higher costs when compared to in-network services. This balance gives members the flexibility to seek care from various providers while incentivizing them to stay within the network for better financial benefits. Thus, the reduced out-of-pocket expenses for in-network care is a defining characteristic of POS plans.