Hospital Indemnity insurance, also referred to as Hospitalization insurance or Hospital insurance, is a plan that pays you daily benefits should you become confined to a hospital, whether for planned or unplanned reasons, or for other medical services, depending on the policy.

These plans are designed to help you fill the gaps in your original Medicare or Medicare Advantage coverage by providing quick cash to help cover copays, coinsurance, deductibles, pharmacy prescriptions and other non-covered expenses that may arise from hospital stays and services.

WHY HOSPITAL INDEMNITY?

Hospital stays can strain even the healthiest of budgets and in many cases, you can’t ignore the care you need even if it stresses you financially. Hospital Indemnity 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, mortgage or those other costs that come up while you’re recovering.