Hospital indemnity insurance offers to pay for hospital admission costs, which you can add to your other health insurance plan. An unexpected hospital stay, which can last an average of three days, can cost you around $30,000.
However, your hospital indemnity insurance may generally cover the following:
But this insurance may also help in covering your other expenses, such as:
But there's more you need to know about hospital indemnity insurance.
1. It Is Not Health Insurance
Technically, hospital indemnity insurance isn't health insurance. It may supplement hospital stay charges or cover the expenses associated with the hospital stay. Health insurance should cover the medical services involved in hospital stays. You can use hospital indemnity insurance in the:
2. Family-Friendly Insurance
You can add dependent on your hospital indemnity insurance where your spouse and children may also be covered in case of in-patient hospital stays. Hospital indemnity insurance may also cover out-of-the-pocket childbirth expenses for your hospital stay.
3. Confinement Coverages
Other than typical hospital stay charges and surgery, hospital indemnity insurance should cover the following:
Laboratory testing, X-rays, and other diagnostic imaging procedures may also get coverage from this insurance.
It's best to get and use this kind of insurance if such cases occur:
4. Direct Lump Sum Payment
Hospital indemnity insurance will directly pay you the lump sum and be able to avail it other than healthcare-related expenses.
Additional insurance like hospital indemnity insurance should provide you financial security in unexpected hospital stays, surgery, and emergencies. This insurance may include covering other expenses affected by your hospital stay, even deductibles from your health insurance.
Also, it's suitable for families since it can cover your spouse, kids, and childbirth out-of-pocket expenses.
At Liberty Benefit Consultants, Inc., we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (316) 686-5433 or Click Here to request a free quote. Topics and coverage discussed in this article are not guaranteed, consult with your agents to determine what your policy does and does not cover. We are more than happy to help!