What is a Hospital Indemnity Plan?

Even with Medicare or traditional health insurance, a hospital stay can leave you with unexpected out-of-pocket costs—such as deductibles, copays, or other expenses that aren’t fully covered. A Hospital Indemnity Plan is designed to help fill these gaps by providing a cash benefit directly to you when you’re admitted to the hospital for a covered stay.

• Offset hospital costs: Use the cash benefit to help pay for deductibles, copayments, or coinsurance.
   
• Flexibility: Payments are made directly to you, not the hospital, so you can use the money for any expense, including travel, home bills, or other recovery-related costs.
   
• Affordable protection: Plans are often low-cost and can be added as a supplemental layer of financial security.
   
• Complements Medicare or other insurance: These plans are designed to work alongside your existing coverage, not replace it.

• You receive a lump-sum or per-day cash benefit when you are admitted to the hospital.
   
• Some plans also include benefits for outpatient procedures, emergency room visits, or rehabilitation services (depending on the plan selected).
   
• Coverage amounts can be tailored to meet your needs and budget.

• Anyone looking to reduce out-of-pocket costs from hospital stays.
   
• People who have a high-deductible plan or Medicare Advantage plan that requires copays for inpatient stays.
   
• Individuals who want extra peace of mind in case of unexpected hospital admissions.

A hospital stay can be stressful enough without worrying about surprise bills. A Hospital Indemnity Plan helps protect your savings and gives you more control over your recovery.

Call us today to explore affordable options and see how this coverage can complement your existing Medicare or health plan.