by: David Chandler

Since competition in terms of health insurance is on the rise, it is no wonder that more and more forms of health insurance are being designed. Among these, there are few that are popular and 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, and 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, and this is dependent on the insurance providers. They are the ones that decide what is feasible to include in a plan, and 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, and 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, and 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. It is these selected doctors that will deal will with members' problems. The selected doctor is the one that will be approached for checkups of any kind, and if there are problems with a member that cannot be handled by him or her, the member is referred to specialists.

2 comments

  1. Libby  

    14 September 2011 at 06:57

    Of all the five health insurance plans discussed above I find individual and group policy the most popular and suitable kinds that majority of people opts for. I do have bought an individual health insurance scheme for myself last year and this time I wanted to make out a scheme for my whole family.
    commercial liability insurance

  2. SR22 Insurance Illinois  

    3 September 2013 at 03:56

    Buying SR22 Insurance Illinois is crucial for all car owners. You must make sure that you get the best of insurance plan today and always via reading a lot of reviews and comparing quotes over the internet.