A hospital indemnity plan pays you cash benefits. Money received from this plan can be used to pay for deductibles, copays, or coinsurance. This plan can make an individual & family health plan or Medicare Advantage plan more comprehensive so you can protect your savings.
Medical expenses can be traumatic. 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 can pay for several 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.
Other Tips to Know:
- A hospital indemnity plan will pay regardless of other insurance coverage you may have.
- With most plans there is no limit as to how much the plan will pay in cash benefits.
- No medical questions asked to obtain from ages 64 to 67.