Contact Todd Szymanski
e-mail: tszymanski@globalindemins.com or 732.632.2790
INDEMNITY PLANS
Indemnity insurance is the most traditional form of health insurance. It is also called "fee for service" coverage. It typically allows an insured to use any hospital or doctor
of his/her choice. Indemnity plans require an insured to pay a pre-determined portion of the medical expenses through deductibles and coinsurance. First, an insured must
pay a pre-determined portion of the medical expense up front. This is called the deductible. Next an insured will pay another pre-determined portion of the medical
expenses up to a preset limit. This is the coinsurance. Once the deductible and the coinsurance 1requirements are met, the insurance company will pay all remaining
covered medical expenses. Lastly, the insured pays the health care provider directly and is reimbursed by the insurance company.
MANAGED CARE PLANS
There are several types of managed care plans, all of which use established networks of health care providers hospitals, doctors, specialists, laboratories, pharmacies, etc.). Under these plans, network providers agree to provide health care service for a negotiated price.
Preferred Provider Organization (PPO)
Point of Service (POS)
Point of Service with open access (POS)
Health Maintenance Organization (HMO)
Life and Health Companies We Represent
Amerihealth
Aetna/US HealthCare
Banner Life Ins. Co.
CHUBB
CIGNA HealthCare
CNA Insurance Companies
Colonial Life & Accident
Delta Dental
Empire Healthcare
First Colony Life Ins. Co.
Fortis
Fort Dearborn
GE Capital
Great-West Life
Hartford Life
Horizon Blue Cross Blue Shield of NJ
John Hancock
Metlife
Oxford Health Plus
Physician Health Services
The New England
United Health Care
Unum/Provident
US Life Insurance Company
The Guardian
The Principal
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