Hospital indemnity insurance pays a fixed cash benefit when you have a covered hospital stay. The money is paid to you, and you can use it however you choose — for deductibles, copays or everyday bills. It is supplemental coverage and does not replace Medicare or health insurance.
Is hospital indemnity the same as health insurance?
No. It pays a fixed cash benefit for covered hospital stays. It does not pay your medical bills directly and is not a substitute for Medicare or major medical coverage.
Can I have hospital indemnity with Medicare?
Yes. Many people with Medicare add hospital indemnity coverage to help with out-of-pocket costs from a hospital stay.
How are benefits paid?
After you file a claim for a covered stay, the insurance company pays the set benefit directly to you.
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