This refers to a specific health insurance plan. Typically, such a designation signifies a health maintenance organization (HMO) plan within a larger network, possibly offering a silver tier of coverage and distinguished by a unique identifier. It likely represents a pre-defined set of benefits, cost-sharing arrangements, and eligibility criteria within a healthcare provider’s offerings. An individual might select it during open enrollment to secure healthcare coverage for a defined period.
The significance of such plans lies in providing structured access to medical services with predictable costs. Benefits commonly include preventative care, doctor visits, and hospitalization, all within a network of participating providers. Historically, these plans emerged as a response to escalating healthcare expenses, aiming to manage costs through coordinated care and negotiated rates. This model promotes efficient healthcare delivery and aims to control expenditure for both the insured and the insurer.
