What Is First Dollar Coverage In Health Insurance

First dollar health insurance coverage covers expenses from the beginning, no copays or deductibles needed.

It applies to healthcare services or hospitalization based on your chosen policy.

First Dollar Coverage
First dollar coverage pays medical expenses without copays or deductibles. It starts coverage from the first dollar, but is usually pricier than deductible plans. If costs are comparable, it may have lower payout limits: Photo source (Healthline)

Base Or Basic Plans

First dollar coverage plans are also referred to as base or basic plans. For example, basic hospital, basic medical or basic surgical plans.

Higher Premiums

First dollar or base plans are not common and the premiums for such plans are generally more expensive than for a plan with deductibles and copayments.

Low Limits

First dollar plans offer limited coverage without deductibles or copayments for medical expenses.

Some plans offer $250 or $300 per year for health care and $500 per day for hospitalization, but this figure varies widely depending on the plan purchased.

PPOs and HMOs

PPO and HMO plans are available as first dollar or base options.

Limits Per Year or Event

First dollar PPO and HMO plans might allow rollover of unused limits.

This varies depending on the insurance company and plan selected.

Hospital Expense Plan
A base or first dollar hospital expense plan will usually cover hospital charges, but this may not include giving birth to a child.

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