Hospital Indemnity Insurance

Cover the Costs a Hospital Stay Leaves Behind

A few nights in hospital can cost you thousands even when you are well insured. Deductibles, coinsurance, and the copays on everything that follows — the follow-up visits, the physical therapy, the prescriptions — all land after you get home.

Hospital indemnity insurance pays a fixed cash amount when you are admitted for a covered stay. The money goes to you, not to the hospital, and you decide what it is for.

How It Works

• The benefit is a set amount — typically paid per admission, per day in hospital, or both — written into the plan before anything happens.
• It pays in addition to your other coverage. There is no coordination of benefits: what your health plan pays the hospital does not reduce what this plan pays you.
• There is no network. You go to whichever hospital you and your doctor choose.
• The payment comes to you directly, so it can go to the deductible, the mortgage, or the drive back and forth — whatever the stay actually costs your household.

Who It Suits

It is most often worth looking at if you have a high-deductible health plan, if you are on Medicare Advantage and would face a daily copay for an inpatient stay, or if a few thousand dollars of unexpected cost would be genuinely difficult to absorb. It is also common alongside a critical illness plan, which pays on a diagnosis where this pays on an admission.

Hospital indemnity insurance is supplemental coverage. It is not health insurance, not a substitute for a major medical plan, and not minimum essential coverage. What counts as a covered stay, how long benefits are payable, and how pre-existing conditions are treated vary by carrier and by policy.

Start a Quote Online

Get a quote online, or call us and we will work out whether the benefit is worth the premium in your situation.