Question

An insured's health insurance plan pays benefits based on the actual amount of the loss. The insured is repaid for some or all of the medical expenses the policy covers. What type of health insurance plan does the insured have?

A. indemnity plan
B. PPO
C. managed care plan
D. HMO

Answer 1

The insured has an indemnity plan for health insurance, where they are reimbursed for some or all of their medical expenses based on the actual amount of the loss.

Step-by-step explanation:

The insured has an indemnity plan for health insurance. In an indemnity plan, the insured is reimbursed for some or all of the medical expenses the policy covers, based on the actual amount of the loss. This means that the insured can choose any healthcare provider and is not limited to a specific network of doctors or hospitals.