Hospital indemnity insurance
Hospital indemnity insurance provides a lump-sum benefit for a covered hospital confinement or outpatient surgery to help with co-payments and deductibles that are not covered by most major medical plans.
During a hospital stay, your health insurance may cover hospital fees, outpatient surgery, office visits, ER costs or prescriptions, but what about initial expenses such as:
- Deductibles
- Co-payments
- Out-of-pocket
Hospital indemnity insurance can help cover those extra expenses. This insurance is designed to provide a lump-sum benefit for a covered hospital confinement to help offset the costs not covered by most major medical plans.
If you take the right steps, a hospital stay doesn’t have to impact your finances.