What are Indemnity Health Plans?

Indemnity Health Plans allow you to choose your health care providers. You can go to any doctor, hospital or other provider for a set monthly premium. The plan reimburses you or your health care provider on the basis of services rendered. You may be required to meet a deductible and pay a percentage of each bill. However, there is also often an annual limit on out-of-pocket expenses, so that once an individual or family reaches the limit, the insurance covers the remaining eligible medical expenses in full. Indemnity plans sometimes impose restrictions on covered services and may require prior authorization for hospital care or other expensive services.

Large medical bills, expected or not, can be stressful. Oftentimes, consumers must meet their health insurance deductible before plan benefits fully kick in. Hospital and surgical health indemnity insurance plans, can help reduce out-of-pocket costs by paying fixed benefit amounts to help with covered medical expenses resulting from hospitalization, surgery and certain outpatient therapy services.

This type of coverage might be the right fit for clients who are looking for:

1. Coverage for unexpected hospitalization or surgery charges, with varying levels of benefits and price points
2. Flexibility to choose any doctor or hospital, with additional cost savings available via access to network providers
3. Lump-sum benefit payments for ambulance, maternity, chemotherapy and radiation, and an added critical illness benefit

We currently have three insurance providers for this product.

• Care Access Plan with IHC
• Surebridge. 
• United Health Care

THIS IS A SUPPLEMENT TO HEALTH INSURANCE PLAN  AND IS NOT A SUBSTITUTE FOR THE MINIMUM ESSENTIAL COVERAGE REQUIRED BY THE AFFORDABLE CARE ACT (ACA) LACK OF MAJOR MEDICAL COVERAGE (OR OTHER MINIMUM ESSENTIAL COVERAGE) MAY RESULT IN AN ADDITIONAL PAYMENT WITH YOUR TAXES.