what is a fixed indemnity insurance plan 
fixed indemnity insurance is a type of health insurance that pays out a fixed benefit for each healthcare event regardless of the actual costs insured a fixed indemnity plan might pay a certain amount of money for each hospital admission or a certain amount for each day of hospitalization these plans are exempt from the affordable care act the bottom lineindemnity insurance represents an important protection for businesses and professionals in the event that a customer is dissatisfied with the company s work this type of insurance will pay for the insured s legal defense and defray any settlement costs this type of insurance is frequently used by doctors lawyers and other experts to protect against claims of negligence or malpractice 