Hospital Indemnity Insurance
Hospital Indemnity health insurance is a basic form of medical coverage that pays a fixed amount for each day that you are confined to a hospital. Because hospital stays are typically extremely expensive, an indemnity plan can help protect your financial independence if you are forced to stay at a hospital.
Some types of hospital indemnity insurance will pay the specified daily amount even if you have other health coverage. Others might coordinate benefits, so that the amount of money you recieve from the insurance companies does not equal more than 100 percent of the hospital bills.
When choosing a type of hospital indemnity plan, consider the following options...
- Daily Benefit Payments may vary based on your age, sex, and health status. Benefits can range from $100 per day to $600 per day. Choose a benefit level that will fit your personal needs and budget the best.
- Payment Start Date Some policies pay from the first day you enter the hospital, while some have an elimination period.
- Payee Typically with an indemnity plan, the insurance company will pay the patient, however, some policies may pay the hospital directly.
- Reliablity Make sure your policy is issued from a reliable company, such as those in the Health Insurance Depot's insurer network.
