Affordable Indemnity Health Plans

Indemnity Plans Offer More Flexibility than Other Plans

These types of plans allow more choice and flexibility than a HMO or PPO plan, because they don’t have limits or a network of providers. Instead, patients see any doctor, specialist, or hospital facility they want. As long as the services are covered by the plan, the plan will help to reimburse the patient.

However, before any coverage is given to the patient, there is usually a certain deductible that needs to be met. Once that is met, the plan will pay a certain percentage for eligible services. Most plans still require a co-payment for services after the deductible is met, for example by charging 20% for a given service.

Keep in mind that most PPO plans also offer flexibility to choose out-of-network specialists at higher costs as well, but they also give you the option to stay with network doctors at a lower cost. So, indemnity plans may not offer much more flexibility but still come at a higher cost.

Your Costs are Capped with Indemnity Plans

Although the costs for an indemnity plan can add up, most policies also include a maximum amount of out-of-pocket expenses that patients can pay. After you’ve paid that amount in any given year, the policy will pay the rest of your expenses for the year. This cap is also sometimes called a “stop loss” because it prevents you from losing any more money once the cap is reached.

Preventive Services and Indemnity Health Insurance Plans

Many indemnity health plans only cover certain services for chronic conditions or emergency care. Some plans won’t cover preventive care, or will limit the types of preventive care that are covered, for example yearly exams, routine office visits, or medications. In other cases, even if the services are covered they may not count toward your deductibles.

Learn how much you can save with Indemnity health insurance today!

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