What type of insurance plan pays a daily benefit amount without a deductible for a hospital stay?

The correct answer is an indemnity plan. An indemnity plan is designed to provide a fixed daily benefit amount for each day of hospitalization, regardless of the actual medical expenses incurred. This type of plan typically does not include a deductible, allowing the insured to receive the benefit amount directly, which can help cover costs associated with hospitalization without the insured needing to pay upfront and then seek reimbursement.

In comparison, major medical plans are designed to cover larger medical expenses and usually involve deductible amounts and coinsurance, meaning the insured pays a portion of the costs up to a certain limit. Basic plans, while they may offer some benefits for hospital stays, often have limited coverage and may include deductibles or other out-of-pocket expenses. Reimbursement plans typically require the insured to pay for medical services upfront and then apply for reimbursement based on the actual expenses incurred, which does not align with the daily benefit structure of an indemnity plan.