Page 323 - Ebook health insurance IC27

Sashi Publications

Section 6
Types of Medical Insurance Plans

Introduction
Over the years, several types of medical insurance plans have been developed
internationally. They are usually designed to serve individual markets, but there are
some common plans that are offered in most of the markets. The following examples
that are available in the region:

Indemnity plans
Conventional Indemnity plans are the earliest plans offered to the markets. These plans
originally were designed to cover expenses incurred in hospitals as inpatient; modern
plans often offer more comprehensive cover. Currently, the scopes of coverage under
these plans are often categorized under the headings of:

Basic Plans
Provides limited range of inpatient benefits, with a limited choice of hospitals, and
sometimes surgeries are limited to a number of illnesses.

Standard/Core Plans
Provides controlled or limited benefits, low level of hospital accommodation and limited
choice of hospitals.

Comprehensive Plans
Provide widest scope of cover, refund most charges and are the most expensive type of
indemnity plans.

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