Which type of insurer typically reimburses insured individuals for covered medical expenses?

The correct choice is Commercial Insurers. These insurers primarily offer health insurance policies that operate on a fee-for-service basis, reimbursing insured individuals for covered medical expenses incurred during their treatment. Policyholders pay a premium, and in return, they receive benefits that can cover various medical costs, such as hospital visits, doctor consultations, and surgical procedures.

Commercial insurers typically have a network of provider agreements and may require individuals to submit claims for reimbursement. This model allows insured individuals to seek services from any provider within their network and be compensated for their expenses as defined by their policies.

Health Maintenance Organizations (HMOs), on the other hand, usually provide healthcare services through a network of doctors and hospitals, requiring members to use these providers to receive benefits. Medicare Plans primarily serve individuals aged 65 and older and have specific coverage guidelines and complexities. Self-Insured Plans are often established by employers to provide health benefits to their employees, but they might not operate under the same reimbursement structure as commercial insurers and have a different risk-sharing mechanism.