This content is for general informational purposes and does not constitute medical, legal, or financial advice. Healthcare rules and costs change annually. Last reviewed: March 1, 2025. Always verify current details with your insurer, employer, or a licensed healthcare navigator.
Fixed Benefit Plan
A visitor insurance plan that pays a set dollar amount per service, regardless of actual cost.
Full Definition
A fixed-benefit (or scheduled-benefit) plan reimburses a pre-set dollar amount for each covered service — for example, $1,500 per day for hospitalization or $75 for a doctor visit — regardless of what the provider actually charges. They are cheaper than comprehensive plans but can leave visitors with large gaps when actual costs exceed the fixed schedule. They are generally not recommended for older visitors or those with any health concerns.
Real-World Example
Your fixed-benefit plan pays $1,500/day for hospitalization. You spend 5 days in a US hospital at $4,000/day. Your plan pays $7,500 (5 × $1,500); you owe the remaining $12,500 out of pocket.
Related Terms
Top Providers
Companies that offer this plan type. Click any card to visit their official website.
Seven Corners
sevencorners.com
Comprehensive visitor and travel medical insurance plans including Liaison Travel and Inbound USA for visitors.
Trawick International
trawickinternational.com
Affordable visitor and student insurance plans with comprehensive coverage options for international visitors.
Tokio Marine HCC
hccmis.com
Offers Visitors Care and Atlas Travel plans — reliable visitor insurance with strong AM Best ratings.
Plan availability varies by state and employer. Always verify current offerings directly with the provider.
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