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| Advantages to Indemnity Health Insurance Plans |
Indemnity health
insurance plans are more regularly known as traditional health insurance plans.
These health insurance plans can be costly but often cover most health problems
that may arise, while other insurance plans exclude some illnesses or diseases
from their coverage. Some disadvantages to indemnity plans are that they do not
usually cover preventative health care like physicals, and traditional health
insurance plans often cover only a percentage of your bill. Research the
advantages and disadvantages to indemnity health insurance when you are
considering health insurance options.
While the
disadvantages may seem problematic, there are many advantages to indemnity
health insurance plans. You may have a higher monthly premium and you may need
to pay upfront costs and submit claims paperwork, but your deductible will be
more manageable and your coverage will be wider. Some health insurance plans
will not cover certain medical expenses or care, but indemnity plans often do.
Another benefit
of indemnity health insurance plans that many people desire is the freedom to
choose your own physician. While other health insurance plans offered by the
insurance industry limit your choice of physicians and hospitals to a list of
preferred providers, indemnity insurance will cover any physician or hospital.
This benefit may seem unworthy of mention, but there has been more than one
instance where a mother finds that her son or daughter's pediatrician is not in
their preferred provider network and has to search for another pediatrician.
This also means that you can see a specialist without having to consult with
your primary care physician first.
Overall,
indemnity health insurance plans also offer you the best emergency medical
coverage in the industry. While preferred provider organizations (PPOs) or
point-of-service (POS) plans limit the physician you can see to a list of
network physicians and hospitals, the freedom of choosing any physician is
nationwide with indemnity health insurance plans. This means that if you are
traveling across the country and have an accident or a medical emergency, you
can go to the nearest hospital or see the closest physician without worrying
about the expense. There have been instances where hospitals or physicians will
either refuse to treat patients or treat them only minimally because the
hospital or physician is not inside the plan's preferred provider network -
meaning that the patient's health insurance will only cover a small part of the
expense and the patient is liable to pay the rest of the bill. This is a risky
financial situation for the physician and/or hospital since patients are often
unable to fully pay costly medical bills. With indemnity health insurance plans,
this is almost never the case. Consider this and the other benefits of
indemnity health insurance when choosing the plan that is right for you.