Hospital Indemnity Insurance

Hospital Indemnity Insurance is a type of supplemental insurance that you can buy to help you pay for some of the costs that may arise from a hospital stay. Unlike regular health insurance, which pays providers directly for covered services, Hospital Indemnity Insurance pays you a fixed amount of cash for each day or service that you receive in the hospital. You can use this money for any purpose, such as paying your deductibles, coinsurance, transportation, medications, or other expenses that your health insurance may not cover fully. Hospital Indemnity Insurance can also help you cover some of the costs of living while you recover from your hospitalization, such as groceries, childcare, or rent.

Hospital Indemnity Insurance is not a substitute for health insurance, but rather a complement to it. You still need to have a health insurance plan that covers your medical needs and meets the minimum essential coverage requirements under the Affordable Care Act.

Hospital Indemnity Insurance is designed to provide extra financial protection and peace of mind in case of an unexpected or long-term hospitalization.

Hospital Indemnity Insurance can be a valuable addition to your health insurance portfolio, especially if you have:

• A high-deductible health plan
• A limited network of providers
• A higher risk of hospitalization due to your age or health condition