Extra Financial Protection
When You Need It Most.
Hospital stays can come with unexpected expenses. Hospital Indemnity Insurance may provide a fixed cash benefit when you experience a covered hospital stay or other covered event, helping give you additional financial flexibility.
No-cost consultation. No obligation.
Hospital Indemnity Made Simple
Understanding the basic process can make it easier to see where supplemental hospital indemnity coverage may fit into your overall insurance strategy.
Choose Your Coverage
You select a hospital indemnity policy with benefit amounts and covered events based on the options available to you and the policy terms.
A Covered Event Occurs
If you experience a covered hospital stay or other covered event described in your policy, you may be eligible for the applicable benefit.
Receive the Policy Benefit
If the claim qualifies under the policy, the insurance company may pay the stated benefit according to the policy's terms, limitations, and requirements.
It's About an Additional Benefit — Not Replacing Your Health Coverage
Hospital indemnity coverage is designed to supplement your existing health coverage. It may provide a fixed benefit when a covered event occurs, giving you additional financial flexibility during that time.
Benefits are subject to the terms of the individual policy. Covered events, benefit amounts, exclusions, limitations, eligibility, and claim requirements vary by insurance company and policy.
Why Consider Hospital Indemnity?
A hospital stay can bring more than medical expenses. Depending on your situation, supplemental hospital indemnity coverage may provide an additional source of financial support when a covered event occurs.
Additional Financial Support
A qualifying claim may result in a fixed benefit that gives you additional financial flexibility during a covered hospital event.
Supplemental to Your Coverage
Hospital indemnity is designed to work alongside other health coverage rather than replace Medicare or comprehensive health insurance.
Benefits for Covered Events
Depending on the policy, benefits may be available for certain covered hospital stays or other qualifying events.
More Financial Flexibility
A policy benefit may help provide flexibility during a covered event. How the benefit can be used depends on the policy and applicable terms.
Your Health Coverage Isn't the Only Financial Consideration.
Hospital indemnity insurance can provide an additional layer of financial protection when a covered event occurs. The goal is not to replace your existing coverage, but to provide an additional benefit that may give you more flexibility when you need it.
Hospital Indemnity Insurance is supplemental coverage and is not a substitute for Medicare or comprehensive health insurance. Benefits, covered events, exclusions, limitations, eligibility, and benefit amounts vary by insurance company and policy.
What Can a Hospital Indemnity Benefit Help With?
A hospital indemnity policy may provide a fixed benefit when a covered event occurs. That additional benefit can give you greater financial flexibility during an unexpected hospital experience.
Everyday Expenses
A benefit payment may provide additional flexibility for everyday expenses while you're dealing with a covered hospital event.
Out-of-Pocket Costs
Depending on your circumstances, a benefit payment may give you additional financial flexibility around expenses that arise during a covered event.
Household Expenses
A fixed benefit may provide flexibility for household expenses or other financial priorities while you recover from a covered event.
Financial Flexibility
The benefit can provide an additional source of funds, subject to the policy's covered events, benefit amounts, limitations, and requirements.
The Benefit Is Designed to Give You Options.
Hospital indemnity coverage generally provides a predetermined benefit for covered events rather than reimbursing every medical expense. This can give you additional financial flexibility when you need it.
It is not a substitute for Medicare or comprehensive health insurance. Benefits are based on the terms of the individual policy. Covered events, benefit amounts, exclusions, limitations, eligibility, and claim requirements vary by insurance company and policy.
Hospital Indemnity + Medicare Advantage
Medicare Advantage provides your Medicare health coverage through a private Medicare plan. Hospital indemnity insurance is different: it is supplemental coverage that may provide a separate fixed benefit when a covered event occurs.
Medicare Advantage
Your Medicare Advantage plan provides your covered medical benefits according to the plan's rules, network, cost-sharing, and other terms.
Hospital Indemnity
A hospital indemnity policy may provide a separate fixed benefit when a covered hospital stay or other covered event occurs, subject to the policy terms.
It's About How the Pieces Fit Together.
Hospital indemnity insurance does not replace your Medicare Advantage plan. Instead, it may provide an additional benefit when a qualifying event occurs. The right combination depends on your health coverage, budget, needs, and the specific policies available to you.
Hospital Indemnity Insurance is supplemental coverage and is not a substitute for Medicare or comprehensive health insurance. It does not automatically pay or reimburse specific Medicare Advantage copayments, deductibles, or other expenses unless the applicable policy provides a benefit for the covered event. Benefits, exclusions, limitations, eligibility, and benefit amounts vary by insurance company and policy.
Could Hospital Indemnity Be Worth Exploring?
Hospital Indemnity Insurance isn't right for everyone. It may be worth considering if you want an additional fixed benefit tied to covered hospital events and more financial flexibility when the unexpected happens.
People With Medicare Advantage
Medicare Advantage provides your primary Medicare health coverage. A hospital indemnity policy may provide a separate fixed benefit when a qualifying covered event occurs, subject to the policy's terms.
People Who Want More Financial Flexibility
A fixed benefit may provide additional financial flexibility during a covered event, allowing you to decide how the benefit fits into your overall financial situation.
People Planning for the Unexpected
An unexpected hospital stay can affect more than your healthcare. Supplemental coverage may be one option to consider as part of a broader financial protection strategy.
People Comparing Supplemental Options
Comparing policies can help you understand available benefit amounts, covered events, exclusions, limitations, premiums, eligibility and other policy requirements before making a decision.
It's About Understanding the Protection You're Choosing.
Hospital indemnity policies can differ significantly from one insurance company to another. Before choosing a policy, it's important to understand what the policy pays, when benefits are available and what limitations may apply.
Explore Your Hospital Indemnity Options
Every person's situation is different. Let's review your options and help you understand the benefits, costs, covered events and limitations of available Hospital Indemnity Insurance policies.
Have Questions? Let's Talk Through Your Options.
You don't have to figure out supplemental coverage on your own. A personalized conversation can help you understand what a policy does, what it doesn't do, and whether it fits your needs and budget.
