A triple option plan is a health insurance plan that provides the insurer three choices for health care services when needed. The options are typically health maintenance organization (HMO), a preferred provider organization (PPO), or an indemnity.
An indemnity, though most costly, offers the insurer the most choice in hospitals or health care providers, while the PPO provides more options than the HMO, which requires patients to go through a primary care physician and costs the least.
With a triple option plan, the insured can exercise maximum control over costs and health care services. For example, an insured can have all minor ailments and procedures brought to an HMO and more elaborate treatments and services to a PPO or with indemnity.
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