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.
This number varies annually, and is commonly dependent upon the revenue accumulated by the NHL in previous seasons. No player may earn more than 20% of the salary cap. The ceiling for the 2015-16 season is $71,400,000. The minimum NHL player salary will rise to $575,000 by 2015-2016 from $550,000 in 2014-15. The Salary Cap Floor is the minimum amount of money that a team must spend on player salaries in accordance with the CBA, the salary cap floor for the 2015-16 season is $52,800,000.