Hospital Indemnity Insurance
A supplemental policy that may pay a fixed cash benefit directly to you for a covered hospital stay, in addition to whatever your other insurance pays.
A set benefit for a hospital stay
Hospital indemnity insurance is supplemental coverage that pays a set benefit if you are hospitalized for a covered reason. The amount is determined by the policy, usually per admission or per day, and not by the size of your actual hospital bill. It is paid to you, and you decide how to use it.
- A fixed benefit set by the policy, not by your hospital bill
- Paid to you in addition to what other insurance pays, based on the policy terms
- Can go toward deductibles, copays, transportation or costs at home
- Not Medicare Supplement (Medigap) insurance and not a replacement for health coverage
- Benefit amounts, waiting periods, limits and exclusions vary by policy and by state
Costs that health coverage may not pay
Hospital stays come with costs
Even with good coverage, a stay can bring deductibles, copays and coinsurance, along with expenses at home while you are away.
Paid on top of other coverage
Because it is a set benefit, it may be paid regardless of what your other insurance pays, subject to the policy terms.
Yours to spend as needed
The benefit goes to you, so it can cover a medical bill, a ride home, a caregiver or the regular bills that keep arriving.
This may be worth a look if you
Have deductibles or copays
Hospital care can carry cost sharing under many health plans, and you want extra cash available to help with it.
Have a high deductible
Would pay a large share of a hospital bill yourself and want help covering it.
Prefer known amounts
Like knowing in advance what a benefit will be, instead of waiting to see what a bill turns out to be.
A simple conversation, at your pace
We talk through your situation
We look at the coverage you already have and the costs that would fall to you.
We compare your options
We explain in plain language what each policy covers, along with waiting periods, exclusions and how premiums work.
You decide at your own pace
There is no pressure. If a policy is not a good fit, we will tell you.
Where it is available
Currently offered in Florida, California, Tennessee and Pennsylvania. Availability, benefits and premiums vary by state.
Important information
Hospital indemnity insurance is supplemental coverage. It is not Medicare, not Medicare Supplement (Medigap) insurance and not major medical coverage, and it is not a substitute for health insurance.
Benefits are fixed amounts that are not related to your actual medical expenses. They are paid only for covered hospital stays, as defined in the policy, and are subject to waiting periods, limits and exclusions. Benefits, premiums and underwriting vary by state and by individual.
This is a solicitation for insurance. A licensed agent may contact you.
Want to see how it would work for you?
Book a call and we will go over your current coverage, your questions and your options.