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Exam term

Indemnity basis

Paying a fixed amount per day or per procedure regardless of actual cost; compare reimbursement, which repays actual bills, and service, where care is provided directly as in an HMO.

Lessons that use this term

  • Accident and health basics: perils, types of losses and benefits, classes of coverage, and common exclusions New York
  • Worksite, hospital indemnity, short-term medical, and accident policies New York

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