HOSPITAL INDEMNITY INSURANCE
COVER OUT-OF-POCKET EXPENSES DURING A HOSPITAL STAY
Hospital Indemnity Insurance
Hospital stays can be very expensive, so it’s important to be protected. According to Bankrate, the majority of Americans are unable to cover unplanned medical bills with their savings alone. Hospital indemnity insurance is designed to cover accommodation and lifestyle expenses while you recover in the hospital.
Let’s answer all the questions you have about hospital indemnity insurance.
What is hospital indemnity insurance?
Hospital indemnity insurance pays a fixed sum per time period while the policyholder is staying in the hospital. Hospital indemnity coverage is not available in standard health insurance policies, and it is purchased as a supplemental form of coverage.
Who needs hospital indemnity insurance?
This type of insurance is designed to cover the cost of hospital stays, which can be expensive for complex conditions or situations that involve prolonged time frames. Hospital indemnity insurance is beneficial in a wide range of situations including pregnancy, accidents, injuries, and disease.
What does hospital indemnity insurance cover?
Insurance payments from hospital indemnity coverage pay directly to you and can be used for any purpose, including medical copays, deductibles, and regular living expenses like food, accommodation, and utilities. The greatest advantage of hospital indemnity insurance is that you can use the payments as you see fit. Hospital indemnity insurance is designed to cover most medical events, from acute accidents and injuries to chronic health conditions.
Why should I get hospital indemnity insurance?
Hospital indemnity insurance provides a financial safety net in the event of a hospital stay. Standard health insurance doesn’t cover all the costs of hospital care, and patients can incur multiple out-of-pocket expenses. When these expenses are covered, you can focus on the recovery process. Hospital indemnity insurance provides financial support when you need it the most.
If you’re interested in hospital indemnity insurance, a United Benefits Specialist can help you explore your options.
Get in touch with a United Benefits Specialist
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