Limited Medical FAQs
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What is limited medical plan?
Fixed Indemnity Limited Benefit Medical is not designed as a substitute for basic health insurance or major medical coverage. The plan meets the Minimum Essential Coverage (MEC) requirements of the Affordable Care Act (ACA).This is not a major medical insurance plan and is not intended to replace any major medical insurance plan in force or be a substitute or alternative option for any individual who requires coverage provided by a major medical insurance plan. This Product is not an ACA qualified medical plan.
Are there waiting periods?
The Hospital Admission Benefit for Specified Conditions has a 30-day waiting period. No benefits are payable for any Specified Condition where the date of diagnosis is during 30-day waiting period.Are there pre-existing limitations?
There is 12-month Pre-existing Condition Limitation for all Fixed Indemnity Inpatient Hospital Benefits.