Since competition in terms of health insurance is on the rise, it is no wonder that more & more forms of health insurance are being designed. Among these, there are few that are popular & they are briefly described below.Individual Insurance: Ensuring a person individually is a common mode of insurance. One may be selective about what s/he wants in a plan through this process. Accordingly, one has required premium is calculated, & the insurance plan takes effect.
Group Insurance: Another type of insurance is the group arrangement. Through this type of insurance, one is compelled to abide by what others are going for, & this is dependent on the insurance providers. They are the ones that decide what is feasible to include in a plan, & on that basis, a group insurance can take place.Indemnity Plan: This plan allows one to go to any doctor when one needs to; there are no restrictions on this, & it is believed to be more of a traditional plan. One does not need permission to go to a particular health care provider. However, usually what happens is that the member pays 20% of the total fee for treatment while the insurance provider pays 80%. In addition to this, there is a period through which one pays up in this manner, & then the company takes over paying the whole 100%.HMO: The Health Maintenance Organization is one that allows a member to select a particular doctor off the panel.Article Source: http://EzineArticles.com/69948
