Coverage Options
Hospital Indemnity Plans
Hospital indemnity plans provide a cash benefit for each day you're hospitalized — helping you cover out-of-pocket costs, lost income, or any other expenses during a hospital stay.
Key Benefits
- Cash benefits paid directly to you — use them however you need
- Covers hospital stays, ICU admissions, and skilled nursing facility care
- Works alongside Medicare Advantage or Original Medicare
- Helps cover Medicare Advantage copays and cost-sharing
- Affordable monthly premiums with simplified underwriting
- Benefits paid regardless of other insurance you have
Frequently Asked Questions
What is a hospital indemnity plan?
A hospital indemnity plan pays you a fixed cash benefit for each day you're in the hospital. Unlike traditional insurance that pays providers directly, indemnity plans pay you — so you can use the money however you need.
Who should consider a hospital indemnity plan?
Hospital indemnity plans are especially useful for people on Medicare Advantage plans that have copays for hospital stays. The cash benefit can offset those out-of-pocket costs and provide financial peace of mind.
Do I need a medical exam to qualify?
Most hospital indemnity plans have simplified underwriting with just a few health questions — no medical exam required. Some plans may have a short waiting period before benefits begin.
Have Questions?
Our licensed agents are ready to walk you through your options — our guidance is completely free, no pressure.