Indemnity health insurance: Benefits & Drawbacks

An indemnity insurance plan is quite commonly recognized as a traditional health insurance or mediclaim policy. Although it is quite expensive to have this kind of health insurance, it does cover many illnesses that are often not included in other insurance plans. Make sure to understand about the advantages and drawbacks to this kind of insurance plan before you opt for it.


Benefits:

• The patient is allowed to consult the physician of their own choice and not be restricted insurers choice of hospital or physician
• Insured person can opt to consult a specialist without going through a primary care physician.

Drawbacks:

• The premiums you need to pay in this plan might be more
• You would have to bear some upfront expenses and to put in all the paperwork for claims.

But, it is essential to keep an open mind and not just look at the drawbacks as there are several important pluses to this kind of health insurance.