Fixed Limited Indemnity Insurance is a type of health insurance that provides a set, predetermined benefit amount for specific medical services or events, such as doctor visits, hospital stays, or surgical procedures. Unlike traditional health insurance, it doesn't cover all medical costs but offers supplemental financial support to help manage predictable healthcare expenses.

• Fixed Benefits: Pays a fixed amount per covered service regardless of the actual cost.

• No Deductibles: Benefits are paid directly without needing to meet a deductible.

• Flexibility: Can be used alongside other insurance plans to offset out-of-pocket expenses.

Fixed Limited Indemnity Insurance is designed for individuals and families who want supplemental financial support to help manage specific healthcare costs. It is particularly suited for:

• Those Without Comprehensive Coverage: People who don’t have or can’t afford traditional health insurance but want some level of financial protection for medical events.

• Individuals with High-Deductible Plans: Those looking to offset out-of-pocket expenses not covered by their primary insurance.

• Part-Time, Freelance, or Self-Employed Workers: People who lack employer-sponsored health benefits and need affordable options.

• Healthy Individuals Seeking Basic Coverage: Those who generally require routine or minimal medical care and prefer predictable, fixed benefits.

No, Fixed Limited Indemnity Insurance is not the same as Major Medical Coverage.

How they differ: 

• Coverage: Provides fixed, predetermined benefit amounts for specific medical services, like doctor visits, hospital stays, or surgeries.

• Purpose: Supplemental financial support for predictable costs; not designed to cover comprehensive healthcare needs.

• Costs: Generally lower premiums but limited benefits.

• No Deductibles: Benefits are paid per service regardless of actual costs

• Compliance: Does not meet Affordable Care Act (ACA) minimum essential coverage requirements.

Ancillary Insurance Benefits are supplemental insurance products that provide financial protection for specific needs not covered by standard health insurance. Common types include:

• Accidental Death and Dismemberment (AD&D) Pays a benefit if the insured dies or loses a limb due to an accident.

• Critical Illness Insurance  Provides a -sum payment if diagnosed with a serious illness like cancer, heart attack, or stroke.

• Accident Insurance  Covers medical expenses and other costs related to accidental injuries, such as emergency care or hospitalization.

• Dental Insurance  Covers routine and major dental care, such as exams, cleanings, fillings, and more.

These benefits are often offered through employers or purchased individually to enhance existing insurance coverage.

Ancillary Insurance Benefits are designed for individuals, families, and businesses seeking additional financial protection for specific needs. They are particularly suited for:

Individuals and Families

• People who want extra coverage for unexpected events like accidents or critical illnesses.
• Those seeking affordable options to supplement their existing health insurance.

Employers

• Businesses looking to enhance their employee benefits package to attract and retain talent.
• Companies that want to provide cost-effective supplemental coverage for their workforce.

Self-Employed or Freelancers

• Independent workers who may not have access to group benefits and want additional financial safeguards.

High-Deductible Plan Holders

• Individuals with high-deductible health plans who need supplemental coverage to offset out-of-pocket costs.

These benefits cater to a wide range of needs, offering peace of mind and financial stability for unexpected situations.