Indiana Small Business Health Insurance Plans Help Improve your Profits

Indiana small business health insurance plans are of two types:

1. Fee for Service Health Insurance and
2. Managed Care Health Insurance

Type 1: Fee for Service Indiana Small Business Insurance Plan

Under this plan the insured patient is examined by a doctor of their choice and the services of the doctor are paid for by the patient. The claim for the service received by the insured patient is filed either by the patient himself or by the medical service provider.

Type 2: Managed Care Health Insurance Plan in Indiana

This plan is the preferred choice of many American citizens. There are numerous variants of this plan which provides medical services to their customers in a comprehensive manner. The plan offers financial incentives for using the service providers included in the managed care plan. The two types of managed Indiana small business health insurance plans are given below -

The Health Maintenance Organization Plan (The HMO Plan) - The preferred Provider Organization (PPO) is one of the managed health care insurance schemes that fall under Indiana small business health insurance.

HMO plan is the type of managed Indiana small business health insurance plan that denotes prepaid medical care. For a fee which is pre-determined, the HMO provides its members a number of health care benefits including preventive treatment. However, for specialist services, one would need to consult the Health Care Physician referred to by the HMO. In most cases, the patient would need to make a co-payment to the primary care physician. The co-payment is a pre-determined amount that could cover services such as hospitalization and office visits. Once the co-payment has been made, most of the cost of the resultant treatment is generally sponsored by the service provider, with the exception of lab tests.

The Point of Service Plan (The POS Plan) - This is yet another type of managed Indiana small business health insurance plan. Under this plan, if the insure intends to consult a physician of his own choice, instead of getting referrals from the primary care physician, the HMO confers the right of self direct care to the insured patient. This is a facility normally available in indemnity plans. The functioning and the effectiveness of the plan would depend on the kind of choice the insured makes at the point of service.

If you offer a comprehensive Indiana small business health insurance policy to your employees you will be able to increase profits and fatten bottom-lines of your company. This is because such Indiana small business health insurance policies help reduce attrition, they increase the productive of your employees and this will improve your profits for sure.