What is an indemnity plan, and how does it work?
With an indemnity plan, you may use any qualified health care provider you wish to receive covered services. Generally, your doctor bills you directly and you file claim forms to be reimbursed You pay an amount of eligible expenses each year. This is called your deductible. Once you meet your deductible, the plan pays a percentage of your eligible expenses and you pay the balance. The percentage you pay is called your coinsurance.
Related Questions
- Is the provider payment from Medicare different under the Aetna Medicare Open Plan than the Traditional Choice Indemnity Plan? Are providers bound by the same rules and regulations?
- What is the difference between an HMO and a PPO insurance plan? What if my plan is an "indemnity" insurance plan?
- Can I stay in the Traditional Choice Indemnity Plan instead of moving to the Aetna Medicare Open Plan?
