Check with family members or a trusted, knowledgeable insurance person in your community as to whether or not the purchase is desirable. If the policy is guaranteed renewable, the company agrees to continue insuring you as long as you pay the premium, and as long as the company remains in business. If an agent helps you fill out the application, do not sign it unless you have read it and know that all medical information requested is included. A Health Maintenance Organization is a clinic or group of doctors that provides medical services. There may be one or more HMOs in your area which participate in the Medicare program.
Services are prepaid, so there are usually no claim forms to process.
For Medicare covered services, there are usually no separate charges for deductibles or co-payments. If you are willing to receive your care from a specified group of providers, an HMO may provide the most complete service for your health care dollar. When you discontinue membership in the HMO, Medicare must be notified. If you join an HMO, you don't need other insurance. A Hospital Indemnity policy pays a set dollar amount for each day of hospitalization.