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 indemity plans for short-term coverage.