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Indemnity Benefit

Quick Answer

This is a fixed amount of money paid to a policyholder when care is received, regardless of the cost of care. A policy with a $100 a day Indemnity Benefit will pay $100 a day for each day you qualify for care regardless of the expense incurred. Indemnity Benefits require that care be received. See also Cash Benefit.

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Detailed Answer

This is a fixed amount of money paid to a policyholder when care is received, regardless of the cost of care. A policy with a $100 a day Indemnity Benefit will pay $100 a day for each day you qualify for care regardless of the expense incurred. Indemnity Benefits require that care be received. See also Cash Benefit.

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