What is the difference between a PPO – HMO – and Indemnity Plan?
Health insurance companies generally offer a variety of health insurance plans and options. A PPO is also known as a Preferred Provider Organization. It is generally a health insurance plan which provides increased benefits when you go to participating panel medical providers. An HMO is also known as a Health Maintenance Organization. It generally requires that the plan member goes to plan providers and pays little or nothing for the visit. Generally visits to no-plan providers are not permitted except in emergencies. An indemnity plan is one which generally permits the plan member to got to any medical provider for covered injuries and illnesses but pays only a percentage oft the medical change. Many plans offer a combinations of the above will varying benefits. Which plan you choose will depend upon your particular needs and interests.
