Hospital Indemnity insurance, also called Hospitalization Insurance or Hospital insurance, is a plan that pays you benefits when you are confined to a hospital, whether for planned or unplanned reasons, and for other medical services, depending on the policy.

These are specifically designed to help you fill gaps in your Medicare Advantage plan coverage by providing cash to help cover copays, coinsurance, deductibles, pharmacy prescriptions and other non-covered expenses that may arise from hospital stays and services.

WHY HOSPITAL INDEMNITY?

Hospital stays can strain even the healthiest of budgets. In many cases, you can’t ignore the care you need even if it pushes you financially. Hospital Indemnity insurance plans give you a specific benefit amount or payment for each day spent in the hospital, and for some other qualified expenses as well. That’s money you can use in any way that you choose, whether for hospital bills or those other costs that come up while you’re recovering.