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What are the advantages of public indemnity insurance?
Public indemnity insurance covers you for any damage or legal issues attributed to you, to a member of the public. For example, this can cover legal costs in the case of an accident.
What does professional indemnity cover in liability insurance?
Professional indemnity insurance pays for the legal costs and any judgments up to the coverage limit. Also it may help with conducting an investigation to help with your case.
What is an health premium?
Insurance is defined as the equitable transfer of risk from one party to another for a pre-determined fee. A premium is another name for this fee, which the policyholder pays to the insurance company in return for indemnity from healthcare costs.
Indemnity fee-for service plans?
Indemnity fee-for-service (FFS) plans are a type of health insurance that allows policyholders to choose any healthcare provider without requiring a referral. Under these plans, the insured pays a portion of the medical costs upfront and is reimbursed by the insurer for covered expenses, typically after meeting a deductible. This model offers flexibility and a wide range of provider options but can also lead to higher out-of-pocket costs compared to managed care plans. Overall, indemnity FFS plans provide greater autonomy in healthcare choices but require careful financial planning by the insured.
What is the meaning of POS health insurance?
A point of service plan, is a type of managed care health insurance plan in the United States. It combines characteristics of the healthmaintenance organization (HMO) and the preferred provider organization (PPO). The POS is based on a managed care foundation---lower medical costs in exchange for more limited choice.
Is fee for service and indemnity the same?
Fee-for-service and indemnity are not the same, although they are related concepts in healthcare payment models. Fee-for-service is a payment method where healthcare providers are paid for each specific service rendered to patients, which can encourage more services to be provided. Indemnity insurance, on the other hand, is a type of health insurance that reimburses the insured for the costs of their medical care, allowing them to choose their healthcare providers without network restrictions. While both involve payments for services, fee-for-service focuses on the payment structure for providers, while indemnity refers to the insurance coverage provided to patients.
What is contractor's general liability insurance?
Contractor's general liability insurance is, essentially, "malpractice" insurance for general contractors. That is, it provides indemnity for a party who has sustained compensable injuries for the negligent act or omission of a general contractor. Like other liability insurance, this type provides a defense to the insured when liability (fault) is contested. That is, part of the insuring agreement provides that the insurer will hire and pay an attorney to defend the insured, investigate the claim, and pay related costs. Generally, these attorney fees and costs are paid in addition to the indemnity benefit. However, some policies provide that they reduce available indemnity benefits,
Which kind of insurance protects from the costs of illness that involves a trip to the doctor?
health insurance.
Does any Insurance cover the costs for a handicapped stair lift?
Health insurance will cover a portion of the purchase and installation costs, but you're on your own for maintenance costs.
What are health insurance quotes?
Health insurance quotes are estimates of costs of health insurance. Some can be for vision, personal, family, business, and many others. There are many companies that offer these.
What are the names of health insurance companies?
There are many good health insurance companies. Some are indemnity companies and some are managed care, such as HMOs and PPO's. Costs differ depending upon the company, the choices of provider offered, and the number of people to be insured under the policy. There is no "best" health insurer. People like or dislike certain ones based mainly upon their own experiences with claims and customer service. You can get the names of health insurers that are authorized to engage in business in your state by contacting the office of the state insurance regulator. Alternatively, you can contact a local, licensed health insurance agent or broker who represents one or more health insurers. It is extremely important to deal only with "authorized" health insurers. These are those who have been licensed to transact health insurance business in your state. By going through the licensing process, the insurer must demonstrate, among other things, financial soundness.
What are health care deductibles?
Those parts of your health care costs that are not covered by your insurance.
