Also known as a “fee-for-service plan” or a “fixed benefit plan”.
How does an indemnity plan work?
After a medical service has been rendered the insurance company will then pay out a fixed-benefit amount to the policyholder or medical provider.
Indemnity Plans are purchased to help safeguard the policyholder from out of pocket exposure for covered medical services.
A traditional indemnity plan is designed to be a supplemental plan to primary coverage by offsetting expenses a major medical doesn’t cover until your deductible is satisfied. Bridging the gap between your major medical and it’s deductible.
Pays for Out-of-Pocket Medical Costs Such as:
Labwork and Radiology
Have More Questions about Hospital and Doctor Fixed Indemnity Insurance?