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.

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