Hospital indemnity
Ever been in a hospital, been released then get bills from providers that your primary insurance didn’t cover? Hospital Indemnity insurance helps pay those unexpected bills and supplement income that might be lost due to a hospitalization to help pay for living expenses while recovering.
Like Accident and Critical Care Insurance, the benefits of Hospital Indemnity insurance are paid directly to the individual, and not the provider. The individual chooses how to use the funds. Most Hospital Indemnity plans pay a per day benefit.
It’s important to note that accident insurance is a supplemental coverage, and not intended to replace your primary health coverage, such as Medicare, Medicare Advantage or any exchanged based or employer provided health insurance. Hospital Indemnity insurance works in tandem with those different types of coverage.
Hospital Indemnity coverage includes benefits for:
Some hospital indemnity plans have options that may cover other hospitalization-related services such as:
Some points to help understand the details of the plan you choose when you enroll.
Who might consider Hospital Indemnity insurance?
Hospital Indemnity insurance works well with any sort of Medicare coverage. The coverage is flexible enough to help in most Medicare homes. Call or email your Medquote agent and ask if it’s right for you.