Types of Health Insurance
by: Djai Tanji
Generally, health insurance plans fall into two categories which are the Indemnity plans also known as the reimbursement plans, and Managed care plans such as health maintenance organizations (HMO), preferred provider organizations (PPO) and point of service plans (POS). In indemnity plan, it will allow you to select your own doctors and pay for your medical expenses which can be fully, partly or up to a particular amount per day for a specific number of days. While managed care plans offer a broader coverage but all involves arrangement between the insurer and a chosen network of health care providers like the doctors, hospitals, etc.
