Hospital Indemnity

A hospital stay can be traumatic to your health, your wallet, and your family. Even if you have medical insurance, you will most likely have costs that aren’t covered. That’s when a Hospital Indemnity insurance plan can provide you with supplemental cash benefits to use as needed. Hospital Indemnity insurance can be particularly helpful since a majority of Americans don’t have enough savings to cover unplanned medical bills.

The plan pays cash directly to you even if you don’t incur any out-of-pocket expenses. The payments can be used for any purpose, including: 

  • Medical copays
  • Deductibles
  • Regular expenses, such as food, rent, and utilities

What Does a Hospital Indemnity Policy Cover?

The coverage your Hospital Indemnity insurance provides will depend on your plan choice.

In general, most plans cover:

  • Hospital confinement (with or without surgery)
  • Intensive Care Unit (ICU) confinement
  • Critical Care Unit (CCU) confinement

Some Hospital Indemnity coverage also includes :

  • Outpatient surgery
  • Continuous care
  • Outpatient X-rays and laboratory procedures
  • Outpatient diagnostic imaging procedures
  • Ambulances
  • Emergency rooms
  • Physician office visits

However, there are plans that cover even more.

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