First-dollar coverage

Coverage under an insurance policy which begins with the first dollar of expense incurred by the insured for the covered benefits. Such coverage, therefore, has no deductibles although it may have copayments or coinsurance.


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.


 


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