Disadvantages of Indemnity Health Insurance
Everyone is unique and requires different options from their health insurance to ensure that they get the level of treatment and type of coverage they are comfortable with. If you are a free spirit who often travels for business or pleasure and don’t want to be locked into a specific “system,” an indemnity health insurance policy may be for you. Indemnity health insurance is the most flexible type of medical insurance as it will provide members with insurance coverage for any doctor they choose to see, regardless of the state in which they see them. Freedom from indemnity health insurance certainly provides some advantages, however there are some disadvantages of indemnity health insurance you need to consider before opting into that type of coverage.
Despite the drawbacks, there are many people who prefer indemnity health insurance over other policies that require using service network providers. If you travel excessively or have a favorite doctor that isn’t part of a network, the freedom provided by an indemnity health insurance plan can certainly outweigh any of the disadvantages.