Hospital Indemnity Insurance
When an illness or injury requires a hospital stay, even with major medical insurance, out-of-pocket expenses can quickly add up. Hospital Indemnity Insurance is designed to pay you a fixed benefit amount for each day you are hospitalized, directly helping you cover costs that primary coverage might leave behind.
Why Should You Consider Purchasing Hospital Indemnity Insurance?
This type of supplemental coverage provides a cash benefit paid directly to you (or a provider, as assigned) when you experience a covered hospitalization or procedure. You can use this money for anythingβdeductibles, copayments, transportation, or even everyday living expensesβeasing the financial stress during a difficult time.
What Hospital Indemnity Insurance Helps Cover:
Base Benefits vary for each carrier. Plans generally pay a fixed, predetermined cash benefit either as a lump-sum or for each day spent in the hospital up to plan limits. May also include benefits for Observation Stays, Mental Health Facility stays, and more.
Commonly Chosen Optional Riders:
Skilled Nursing Facility (SNF): Pays a per-day benefit for a set number of days while confined in a SNF
Surgeries & Procedures: Pays a lump-sum benefit for covered surgical procedures
Emergency Room Visits: Pays benefits for initial emergency treatment related to a covered injury or illness
Lump-sum Cancer Benefit: Pays a lump-sum benefit upon initial diagnosis of cancer
Finding the right supplemental protection for you or your entire family is easy. Speak with an Independent Licensed Agent to compare options designed to fit your needs and budget.
Disclosure: This is a solicitation for insurance. This is NOT Medicare Supplement Insurance. This is a Limited Benefit Policy and is NOT Major Medical Insurance or Minimum Essential Coverage (MEC) under the Affordable Care Act (ACA). This coverage is supplemental only. Not all applicants may qualify.
