What type of plan requires premiums, deductibles, and coinsurance payments while typically covering 70 to 80 percent of costs for covered benefits after deductibles are met?

Indemnity plans are structured to require policyholders to pay premiums, deductibles, and coinsurance payments. After meeting the deductible, these plans typically cover a percentage of covered benefits, usually around 70 to 80 percent. This model provides the flexibility to choose any healthcare provider without needing a referral, making it different from more restrictive plans.

The crucial aspect of indemnity plans is the cost-sharing components. Once the deductible is met, the insurer covers a significant portion of the healthcare costs, while the insured is still responsible for a portion of the expenses through coinsurance. This setup allows individuals to have more control over their healthcare decisions while also having a financial responsibility for their care, which is a distinctive feature of indemnity plans.

In contrast, other types of plans like PPOs and HMOs often have different cost structures and limitations regarding provider networks, which impacts how much the insured pays in premiums and out-of-pocket costs.