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Indemnity insurance

   Also found in: Medical, Legal, Encyclopedia, Wikipedia, Hutchinson 0.01 sec.

Indemnity insurance. An indemnity insurance policy pays up to a fixed amount when you make a claim, often on a per-day basis.

The premiums on health insurance indemnity plans may be lower than on other heathcare plans, but the fixed payments may cover only a portion of your medical bills.

Some people use indemnity plans as supplements to, rather than substitutes for, more comprehensive health insurance. Others use low-cost indemnity plans for short-term coverage.



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