What is the opposite of indemnify?
What is the opposite of indemnify?
indemnify. Antonyms: fine, mulct, amerce. Synonyms: compensate, se cure, satisfy, reimburse.
What does legal indemnification mean?
To indemnify another party is to compensate that party for losses that that party has incurred or will incur as related to a specified incident.
Which one is not an insurance policy of indemnity?
Life Insurance contract is, however, not a contract of indemnity, because in such a contract different considerations apply. Moreover, even if a certain sum is payable in the event of death, since, unlike property, the life of a person cannot be valued, the whole of the amount assured becomes payable.
What are the two major differences between managed care and indemnity insurance?
A trade-off of managed care plans, compared to indemnity plans, is lower costs in exchange for limited services. Because the network of providers has, in most cases, agreed to provide the treatment at a pre-set price, your care will cost less you less than in an indemnity plan.
What are the three main types of managed care organizations?
There are three types of managed care plans:
- Health Maintenance Organizations (HMO) usually only pay for care within the network.
- Preferred Provider Organizations (PPO) usually pay more if you get care within the network.
- Point of Service (POS) plans let you choose between an HMO or a PPO each time you need care.
What are the four most common types of managed care plans?
Different Types of Managed Healthcare Plans: HMO, PPO, POS, EPO Explained
- Health Maintenance Organization (HMO)
- Preferred Provider Organization (PPO)
- Point of Service Plan (POS)
- Exclusive Provider Organization (EPO)
What are the pros and cons of managed care?
Benefits of managed care include patients having multiple options for coverage and paying lower costs for prescription drugs. Disadvantages include restrictions on where patients can get services and issues with finding referrals.
