Managed care A type of health insurance in which a Pt can choose the hospital and provider, and the insurer reimburses the Pt or provider for a set percentage of the cost, minus deductibles and co-payments
This is an opportunity to help them understand that while major medical pays for most medical services, hospital indemnity insurance is designed specifically to help with out-of-pocket costs that insurance typically doesn'tcover, like a deductible or copayment.
Before ACA major medical coverage rules started to take effect, many consumers who were unable or unwilling to pay for major medical coverage, or unable to qualify to buy major medical coverage, used indemnity insurance as an alternative to major medical coverage
CCP strongly recommends that SECP should drop the raise in capital requirements and indemnity insurance in favour of better competencybased regulations encompassing education, examination, licensing, and continued education requirements.
NZNO pays the excess under the indemnity insurance policy so, other than their membership fee, members do not have to pay any additional costs, if they become caught up in an investigation regarding the care they have provided.