What types of health insurance are available?
- An indemnity plan allows you to choose your own doctors and pays for your medical expenses–totally, in part, or up to a specified amount per day for a specified number of days.
- Managed care plans generally provide broader coverage, but they all involve an arrangement between the insurer and a selected network of health-care providers (doctors, hospitals, etc.). For example, an HMO will require that a primary care physician in the network coordinate all of your care and refer you to specialists in the network.
- Medicare Supplements generally provide additional coverage beyond basic Medicare.
No matter which type of health insurance you buy, you’ll need to make sure it offers the right kinds of coverage.