First dollar coverage

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First Dollar Coverage

An insurance policy where the insurer pays for all expenses once an insured event occurs. There is usually a (high) maximum amount limiting first dollar coverage, but the policy does not include a deductible, coinsurance, or anything else; the insurer is responsible for all expenses up to that maximum amount. Because these plans carry more risk for the insurer, first dollar coverage comes with higher monthly premiums. First dollar coverage is available for many types of insurance, whether it is homeowner's insurance, car insurance, health insurance, or something else.

First dollar coverage.

First dollar coverage means that your health insurance plan typically begins to pay its share of your covered services from the first service you receive in the plan network. In a fee-for-service plan, payments for covered services begin as soon as you have met the deductible.

References in periodicals archive ?
31, the agencies also banned the sale of any supplemental insurance product that provides first-dollar coverage for what the government classifies as essential health benefits, such as inpatient hospitalization benefits and or ordinary primary care benefits.
The policy provides first-dollar coverage while the auto is being driven by the Uber driver and when the auto is providing the livery services as recorded through the Uber application.
In the platinum tier, consumers overpay for coverage that is closer to first-dollar coverage than the bronze plan.
Providing first-dollar coverage improved adherence in all patients but reduced rates of a post-MI major vascular event or revascularization among patients who self-identified as being nonwhite.
Providing first-dollar coverage improved adherence in all patients, but reduced rates of a post-MI major vascular event or revascularization among patients who self-identified as being nonwhite.
PPACA also has given HHS the authority to require that all non-grandfathered health insurance policies and group health arrangements provide first-dollar coverage for a package of preventive services that includes flu vaccinations.
The aim of this move is to discourage beneficiaries from buying first-dollar coverage Medigap plans that give them less incentive to consider the cost of services.
And many even provide coverage for first-dollar coverage with little to no cost-sharing.
Rosenstock noted that many health care plans currently provide coverage for these services and added that "This is just a recommendation for first-dollar coverage.
He also mentioned--without endorsing--ideas for Medicare savings suggested by the President's Fiscal Commission, such as elimination of first-dollar coverage in Medigap policies, or combining Medicare Part A hospital services and Part B physician services.
Check lifetime limits for claims (do not go under $5,000,000) and make sure the health plan provides first-dollar coverage on preventative care because the new health care law requires it.
As we muddle through the discussion of which ornaments to include on the university's health care tree, I wonder when we are going to provide first-dollar coverage for primary care, encourage the use of a well-established patient-centered medical home, and foster the development of a trusted relationship with a primary care physician-led team.