The fee-for-service plan offers consumers a very flexible option for health insurance. Not only are their no gatekeepers (those who decide what kind of treatment you'll need), there are no networks at all to contend with. You choose any doctor you wish, regardless of location or membership in a particular care provider network. In addition to this benefit, members of indemnity plans often enjoy the fact that there is a yearly cap on how much they have to pay out. For individuals, this cap can range between $1,000-$5,000. Once a consumer or family has paid this much for coverage, the insurance company must step in and pay the remainder.
Another aspect of an indemnity plan that makes it flexible is the choice that consumers have between major medical and and basic coverage. Basic coverage will pay for hospitalization, including room fees and laboratory services, whereas the more extensive major medical pays for surgeries or long term care. A comprehensive plan pays for both coverages, and as such is called a "combination plan." Since each visit to the doctor inevitably costs you money, a fee-for-service plan is often a good choice for the young and healthy, and those who are looking for individual coverage, since your doctors' visits are limited. For those who are on the go, an indemnity policy is the perfect complement, since you don't have to choose your doctor from a list of "approved" physicians.
The downside to an fee-for-service plan is that you will have to fill a claim form out for every visit to the doctor, and keep track or your prescription and other medical costs; As such, it may not be a good plan for those who lack organizational ability.
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