What is another term used to describe "no deductible" coverage?

The term "first-dollar coverage" refers to an insurance plan that begins to pay out benefits from the very first dollar incurred in expenses, without requiring the insured to meet a deductible beforehand. This means that the insured does not have to pay out-of-pocket for a certain amount of expenses before the insurance coverage kicks in.

This type of coverage is beneficial for individuals seeking predictable expenses when utilizing health services, as it minimizes upfront costs. It is particularly appealing to those who may be concerned about potential high medical expenses and prefer to have their insurance cover costs immediately after services are rendered.

In contrast, other commonly used terms for insurance plans don't accurately describe the absence of a deductible. For example, "zero-payment coverage" may imply no costs at all, which can be misleading. "Full-coverage plan" suggests that all services are included, but may still involve deductibles or copayments. Lastly, "basic insurance coverage" can indicate a standard level of care that could involve deductibles or limited benefits. Thus, "first-dollar coverage" is the most precise term to describe no deductible coverage in insurance.