Which type of insurance companies operate on a reimbursement approach, allowing policy owners to seek treatment and submit charges for reimbursement?

The reimbursement approach allows policy owners to receive treatment and then submit their expenses to the insurance company for repayment. Commercial health insurers often utilize this model, providing a range of health insurance plans that allow for flexibility in accessing healthcare services. When policyholders receive medical treatment, they can pay the providers directly and later file claims with the insurance company to be reimbursed for covered expenses according to the terms of their policy.

Health maintenance organizations typically require members to use a network of healthcare providers and may not operate on a reimbursement basis. Mutual insurance companies and fraternal benefit societies have specific structures that focus on providing benefits to members, but they are not primarily known for reimbursement-based models. Thus, commercial health insurers are the primary type of companies that operate on a reimbursement basis, making this the correct choice.