Indemnity insurance plans, also known by the term "reimbursement plan", are the most popular type of health insurance plan. This type of plan is the most popular and can be used to help you determine if it's right for you.
An indemnity plan allows individuals to choose their health-care providers. They can also be reimbursed for medical expenses regardless of who the provider is. You can sign up here for more information related to indemnity insurance plans.
Indemnity insurance plans will reimburse you for medical expenses. However, reimbursement amounts can vary. Although you have the freedom to choose the hospitals and doctors that you want, there are limitations on the number of medical expenses your insurance policy will cover.
An indemnity plan is not like other insurance policies that limit doctors and hospitals to those on the carrier's list. An indemnity insurance plan is different from a PPO.
This means that you will not be responsible for any portion of your medical care regardless of whether you visit an "in-network", or "out-of-network" provider. You also have a deductible.
There is no difference in the cost of your care, regardless of which doctor you visit. An indemnity plan is completely different from an HMO plan. This plan requires you to visit a doctor or go to a hospital listed on the plan's carrier list.
This plan also has the primary advantage of being flexible and reducing your out-of-pocket expenses.
An indemnity plan that covers actual charges will reimburse you for medical expenses. Actual charges indemnity insurance plans pay the actual cost, regardless of how high the expense was.