Hospital Indemnity Plans
Hospital indemnity insurance is a supplemental insurance plan designed to pay for the costs of a hospital admission that may not be covered by other insurance. The plan covers employees who are admitted to a hospital or ICU for a covered sickness or injury. Hospital indemnity insurance can be particularly helpful since a majority of Americans don’t have enough savings to cover unplanned medical bills.
Hospital Indemnity Plans pays cash directly to you even if they don’t incur any out-of-pocket expenses. The payments can be used for any purpose, including:
- Medical copays
- Regular expenses, such as food, rent, and utilities
Why Hospital Insurance?
Hospital stays can strain even the healthiest of budgets. And in many cases, you can’t ignore the care you need even if it pushes you financially. Hospital Indemnity insurance plans provide payment for each day spent in the hospital, and for some other qualified expenses as well. That’s money you can use as you choose, whether for hospital bills or those other costs that come up while you’re recovering.
If having this extra layer of protection sounds like an addition you would like to add to your coverage, we invite you to contact us today to learn more or fill out the form below.