You can configure outlook to use all 3rd party email accounts like hotmail/gmail etc
There will be usually be a webpage on the 3rd party site explaining how to set up outlook to synchronise with it.
One thing to check beforehand - do you want to still keeping access to ALL your emails online as well ? Default, will 'pull' all your emails to outlook, whilst not keeping them in your actual hotmail account if you see what I mean.
There's a box under the properties tab somewhere saying 'keep all emails on server' or words to that effect. Prudent to tick it.