An indemnity insurance plan will pay a portion of medical expenses. When services are rendered, the individual is responsible for paying fees up front, and will then file the paperwork to be reimbursed by the insurance company for the expenses. Most indemnity insurance plans will have a set deductible amount as well as a coinsurance percentage that must be paid by the policy holder.
1 An entry-level player can earn a maximum of $850,000 per year. 2  The limit rises throughout the agreement, to $925,000 in 2011. 3  Maximum entry-level salary in 2004 was $1.295 million. 4  Signing bonuses are capped at 10 percent of the player's salary.
1 In future years, the players are guaranteed 54 percent of hockey-related revenues, with the salary cap adjusted each year to meet that figure. 2  The players' share increases if revenues rise. 3  They get 55 percent when NHL revenues hit $2.2 billion, 56 percent at $2.4 billion, and 57 percent at $2.7 billion. The salary cap is set at $39 million per team in 2005-06. 2  There is also a floor, with each team required to spend at least $21.5 million on player salaries in 2005-06. 3  The cap figure covers salaries and bonuses. 4  The salary cap is defined as the amount of real money a team pays out in a single season.