first-dollar coverage

American

[furst-dol-er] / ˈfɜrstˈdɒl ər /

noun

Insurance.

insurance that provides payment for the full loss up to the insured amount with no deductibles.

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first-dollar coverage

The decline of first-dollar coverage that worked like a business-run version of an entitlement has helped moderate health spending, and there are fewer Cadillacs left.

From The Wall Street Journal ● Dec. 18, 2015

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023