HMO Plan: Top 5 Reasons to Have One in Nigeria

In 2022, HMO plans are becoming more popular to pay for and receive healthcare in Nigeria. It is one of the basic benefits included in job benefits. While it can be easy to understand for some, we know that others don't understand it.

So in this article, we will take a look at it together. What exactly is an HMO, and what are the reasons for having one in Nigeria?

What is an HMO? An HMO, or health maintenance organization, is a type of health insurance that pays your medical bills in exchange for a monthly/yearly fee.

An HMO will cover a set amount of health services. For example, if you have an HMO plan and get sick, you can go to the doctor and get treated there. The HMO will pay the bill of the healthcare you enjoyed.

HMOs helps you save money in the long run because they are less likely to leave members out-of-pocket when they need care.

What Are the Reasons to have an HMO Plan in Nigeria?

1. Improved healthcare delivery

HMOs can improve healthcare delivery by providing better access to healthcare, a better quality of care, better care coordination, and improved patient education. As the case is with most things in life, it all starts with a plan. An HMO puts a health system in place that coordinates doctors and patients together so they can work together more effectively than they would on their own as individuals or small groups.

2. Reduced cost of healthcare services

HMOs can negotiate lower rates with hospitals and medical providers. If a patient has traditional health insurance, they will be responsible for paying the hospital directly if they get admitted. But in an HMO plan, patients do not need to worry about how much their treatment will cost because their HMO will take care of it.

HMOs can also negotiate lower rates with medical providers such as doctors or specialists on their list of hospitals. Because of this, patients can expect to pay less for their healthcare expenses than those without an HMO plan.

3. Savings on your medical spend

An HMO plan can help you save up to 60% on medical bills. This is because your health insurance company pays the bulk of your medical bills when you have an HMO plan. This means you can visit the hospital without worrying about the cost of treatment. 

For example, if you have AXA Mansard Gold HMO Plan, you get an out-patient limit of ?300,000 and an in-patient limit of ?1,000,000. This means that if the cost of treatment is below ?300,000, you won't make any payment. If you also get admitted, your HMO plan will cover up to ?1,000,000. Visit this page to learn more about AXA Mansard's HMO plans and the benefits you get from each one.

4. Increased productivity

Employer-sponsored HMO is a form of employee benefit that can increase productivity among workers. This form of health insurance provides many benefits to employees, including lower premiums, greater access to doctors and hospitals, and less stress over finances. 

These benefits increase employee engagement, leading to higher productivity and cost savings for the company. Employees are more engaged in their work when these types of benefits are available to them.

5. Best protection for your family's health.

One of the best things to protect your family's health is to have an HMO plan. Some plans cover all the medical expenses for you, your spouse, and any dependents.

AXA Mansard HMO Plans can help you save money on your medical bills and improve your health

AXA Mansard offers HMO health insurance plans to help you save money on your medical bills. Our HMO plans are affordable and give you access to quality healthcare.

We are an award-winning HMO service provider with a comprehensive list of hospitals across Nigeria. We have many HMO plans that you can choose from according to your budget and needs.

Take a few minutes today to see if an HMO Plan would suit you and your family. Contact us if you have more questions about buying an HMO plan.