Hospital Indemnity Insurance

Last edited time

Mar 19, 2025 5:15 PM

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Hospital Indemnity Insurance

An insurance plan that can be purchased in addition to other health insurance coverage.

Intro to Hospital Indemnity Plans

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Things to Know

• The policyholder pays a monthly premium
• If the policyholder spends time in the hospital, they will receive a fixed amount paid directly to the policyholder to have cover expenses.
• The payouts go directly to the policyholder.
• The payment can be used for anything, although people often use the benefit for deductibles, coinsurance, rehabilitation, or home care costs.
• It can also help pay for expenses during recovery or for lost income.

Many/Most Offer

• Riders for Ambulance Services
• Emergency Room
• Skilled Nursing Facility coverage

Riders Many/Most Include

• Lump Sum Cancer Rider
• Outpatient Surgery Rider
• Outpatient Therapy Rider