Definitions for "Indemnity plan"
A type of health insurance policy under which you pay 100% of all medical bills up to the annual deductible amount. The insurance then pays a percentage of all covered charges up to a specified limit. Once the policy limit has been reached, the plan pays all covered charges for the rest of the year.
A type of health insurance plan that provides reimbursement of covered medical expenses and gives plan participants considerable freedom to choose their own health care providers.
A plan which reimburses physicians for individual services performed or reimburses patients for medical expenses incurred.