What is private indemnity insurance?

What is Private indemnity insurance? It’s a type of medical coverage obtained through a private source, as opposed to a publicly funded program like Medicare. These types of insurance plans reimburse an individual for visiting any doctor or medical provider. Learn about common variations of private indemnity insurance and answers to frequently asked questions here.

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Benefits and Claim Procedures: Health Coinsurance

Health Coinsurance benefits are a provision under which the insurer and the insured share costs incurred after the co-pays and deductibles are met, according to a specific formula or schedule. You can learn all about how coinsurance works and how it fits with other healthcare insurance policies here.

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Health Insurance Co-Pays, Deductibles and Pre-Certification

There are many qualifications and limitations regarding what health insurance covers and to what extent. A co-pay or co-payment is the contractual amount you must pay for your use of a specific medical service covered by your health insurance policy. Pre-certification is a requirement, but not a guarantee of payment of benefits.

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Can my health insurance company cancel my policy for any reason?

As a general proposition, a health insurance company cannot cancel an individual’s coverage under a health insurance policy or plan arbitrarily. However, a health insurance policy can be canceled (rescinded) if there are material omissions or misrepresentations made by the insured or member in the application for health insurance coverage.

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