Fixed coverage plan:
This type of insurance is much cheaper than comprehensive coverage plans. It is also called scheduled benefit plan. In such type of insurance plans, you have to first pay the deductible, usually once per year, then insurance company pays a set maximum amount for every procedure such as $600/day for hospital room and board, $1500/day for icu, $70 per doctor's visit and so on. However, surgery, inpatient labs, x-rays etc. are covered completely.

$5,000,000 you see is the overall limit for total of all the scheduled benefits, and it does not mean that all your medical expenses will be completely paid up to $5,000,000.

Even though prices for such insurance plans are attractive, you should really understand what you are purchasing so that it will meet your expectations in case you need to use it.

Please look at the brochure of each plan for more details.