Shop Prices On Hospital & Doctor Fixed Benefit Indemnity Plans

A major medical insurance plan pays a percentage of all or all of the expenses covered after certain deductions, coupons or out-of-pocket expenses are met. However, the fixed compensation plan is different. It pays you a predetermined amount for the specified health care services.

You don't have to pay for coupons or out-of-pocket deductions before taking advantage.

You don't have to worry about conflicts with other insurance coverage.

If you don't like it, you don't have to be on the network

If you have an eligible expense under your hospital and physician-defined compensation plan, you or your designated provider must pay the amount specified in your plan for that service.

Don't be confused. This type of plan offers limited benefits. It pays a fixed amount for the covered medical service, often with a fixed calendar-year maximum.

It is not large medical insurance and does not provide coverage mandated by the Affordable Care Act (ACA), often referred to as Obamacare. It does not provide coverage for all the essential health benefits outlined in the ACA.

And unlike the ACA plan, it does not provide coverage for costs arising from pre-existing medical conditions. Read your plan carefully to see what and what is not covered. Simply put, a fixed compensation plan is not your main health insurance policy.

However, although it is not designed for your main health insurance, fixed indemnity insurance is designed to help you when you are facing health care costs. This will help you with your medical expenses and replace your comprehensive health coverage. It helps:

Pay more deductibles than any other health plan. If you choose a plan, there will be some prescriptions at the expense of that medicine. Pay for laboratory or diagnostic services, such as blood tests, x-rays or ultrasounds

The costs of surgery or your doctor's workplace policy

Sometimes a little help goes a long way. Hospital and doctor-determined indemnity insurance provides a financial incentive to make your medical expenses more manageable.