Since competition in terms of health assurance is on the rise, it is no wonder that more and more forms of health assurance are being designed. Among these, there are few that are popular and they are briefly described below.
Individual assurance: Ensuring a person individually is a common mode of assurance. One may be selective about what s/he wants in a plan through this process. Accordingly, one has required premium is calculated, and the assurance plan takes effect.
Group assurance: Another type of assurance is the group arrangement. Through this type of assurance, one is compelled to abide by what others are going for, and this is dependent on the assurance providers. They are the ones that decide what is feasible to include in a plan, and on that basis, a group assurance 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 assurance 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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