What is the difference between a Short Term Medical Plan and a PPO, HMO, and Indemnity Plan?
Health insurance companies generally offer a variety of health insurance plans and options. A short term plan generally provides medical insurance benefits for a period of time that is otherwise a gap in coverage. It generally terminates at the end of its term. If is generally not guaranteed renewable, and if renewing is an option, a new medical qualification must generally be satisfied. Standard, longer term permanent health insurance is generally renewable at the then rates available from the insurance company. Such plans are often referred to as a PPO which is also known as a Preferred Provider Organization; or an HMO, which is also known as a Health Maintenance Organization, or an indemnity plan., which 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 particu
Related Questions
- Will purchasing a Short Term Medical plan make it harder for me to get coverage in the future for a pre-exisiting medical condition?
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- What is the difference between a Short Term Medical Plan and a PPO, HMO, and Indemnity Plan?
