first-dollar coverage

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first-dollar coverage

an insurance plan under which the third-party payer assumes liability for covered services as soon as the first dollar of expense for such services is incurred, without requiring the insured to pay a deductible.

first-dollar coverage

(fŭrst′dŏl′ĭr kŏvĭ′r-ĭj)
A type of medical insurance in which all costs of care are reimbursed by the insurer, without copayments, deductibles, or other out-of-pocket payments by the insured.
References in periodicals archive ?
Ensuring first dollar coverage of all recommended vaccines under Medicare;
We had steadily increasing health insurance premiums for our preferred provider organization (PPO) for a number of years, and we knew that we had to do something to curb these increases," says Tammy Fraser, director of human resources, explaining why a first dollar coverage plan was selected.
Cinergy Health specializes in niche market needs through limited medical benefit plans, which provide first dollar coverage for the predictable medical care people need most frequently, and short term major medical insurance, which provides comprehensive coverage for people with a temporary need for affordable major medical insurance.
Cinergy Health Preferred Insurance Plans are limited medical benefit plans, which provide first dollar coverage for the predictable medical care people need most frequently.
Offering first dollar coverage for some preventive care can help members avoid serious medical issues altogether, or deal with them long before they become serious," said John Castiglia, M.
And, in fact, HSA legislation specifically allows for first dollar coverage for preventive care and Destiny has recently introduced a Preventive Care rider to provide employers the opportunity to insure Preventive Care costs within a CDHP environment.
Consumers will have first dollar coverage on prescription drugs.
There is a dynamic change taking place in the health insurance industry with the movement of healthcare plan designs away from first dollar coverage options like HMOs to consumer directed PPO plans with health savings options like HSAs attached," O'Neill said.
We learned many things during our research and discussions with young adults, including the fact that they wanted not only insurance for major health issues, but they also wanted first dollar coverage for annual checkups -- so they can take care of themselves and prevent bigger health problems.
The PDP plans will be marketed under the brand names of AdvantraRx and First Health(R) Premier and include options with first dollar coverage (no deductible).
All honors were earned for the marketing campaign created for the AQUA product, a unique new health insurance product featuring low monthly premiums at approximately $6 per day, first dollar coverage allowance, out of pocket maximum and a health and wellness card for preventive services.
AQUA is a unique new health insurance product featuring low monthly premiums for approximately $6 per day, first dollar coverage allowance, out of pocket maximum and a health and wellness card for preventive services.