I will assume you are talking about a health insurance plan that offers first dollar coverage, meaning you pay a premium and the insurance company pays for everything else. In today's market place, there is no such animal. All plans have some type of cost sharing built into them. It can be in the way of deductibles, copays, or co-insurance.
The question could also be referring to what most call major medical insurance. These policies pay your doctor and hospital for treatment you received (after you pay the copay or deductible). There are some plans call indemnity (sometimes called supplemental) plans. AFLAC is a well known seller of indemnity plans. While they have their place in the market place, they should not be confused with major medical insurance. Major medical insurance will protect you against a large medical bill (say $100,000+); while indemnity plans are designed to pay you a fixed about of money based on the limits of the policy. You want to have a major medical plan in place first, then possibly add an indemnity plan second.
.JPG){kind=avatar}
The question could also be referring to what most call major medical insurance. These policies pay your doctor and hospital for treatment you received (after you pay the copay or deductible). There are some plans call indemnity (sometimes called supplemental) plans. AFLAC is a well known seller of indemnity plans. While they have their place in the market place, they should not be confused with major medical insurance. Major medical insurance will protect you against a large medical bill (say $100,000+); while indemnity plans are designed to pay you a fixed about of money based on the limits of the policy. You want to have a major medical plan in place first, then possibly add an indemnity plan second.