What types of individual health insurance policies are available?
There are a variety of policies which insurance companies offer on an individual basis. Some of the more common types of policies include: 1. Major Medical – provides coverage for doctor visits, surgery and hospitalization or ongoing illnesses. 2. Hospital and Surgery – provides coverage solely related to hospital stays and surgical services, such as room and board, laboratory tests, X-rays, plus doctors’ charges 3. Hospital Confinement Indemnity – a policy designed to pay a set amount (an indemnity) for each day you are an “in-patient” at a hospital. 4. Health Maintenance Organizations (HMOs) – centralized service provider, commonly with a general practitioner (limited selection of participating doctors) coupled with coverage by specialists upon referral. Doctor visits, surgery, hospitalization and often reduced-rate prescription medicine are provided. May also cover preventive care, often not included in major medical policies. 5. Specified Disease (also called “Dread Disease”) – cov
