Senior Hospital Benefits
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Indemnity Coverage
Options
Learn about Hospital Indemnity insurance options that may provide benefits for eligible hospital stays and covered services.
Additional financial support when you experience a covered hospital stay.
Hospital Indemnity insurance is supplemental coverage that may provide benefits directly to you for eligible hospital stays and other covered services.
Hospital stays
Benefits may help with eligible inpatient hospital stays and related expenses.
Emergency room visits
Room Visits — Coverage may provide benefits for qualifying emergency room visits.
Covered procedures
Certain covered procedures may qualify for benefits, depending on the plan.
Deductibles and copayments
Benefits may help offset eligible out-of-pocket healthcare expenses.
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What are the benefits of hospital indemnity insurance?
BENEFIT 01
You can use the benefit payment as you see fit
When you make a qualifying claim on your hospital indemnity insurance policy, you receive a payment from your plan that’s paid directly to you. You can use these funds in any way that might help you and your family with both unexpected and planned expenses.
For example, you might need it for food deliveries, childcare, hospital co-pays, or other essential bills. Once the money is in your possession, it’s entirely up to you how you spend it.
BENEFIT 02
Coverage is typically guaranteed, and payments are easy
Unlike other insurance policies that may involve a medical screening, hospital indemnity insurance is typically a voluntary benefit that’s guaranteed without the need for a medical exam or health questionnaire.
Insurance premiums are also often handled directly through payroll deductions if the policy is provided by your employer. This means you never have to worry about missing a payment or having your policy lapse. It’s an easy way to ensure you’ll have extra financial protection in the case of a hospital stay, without the added stress of remembering to make monthly payments.
BENEFIT 03
You may be able to take your benefits with you if you change jobs
Although most hospital indemnity coverage plans are provided through an employer, you can often take your plan with you if your employment status changes. As long as you continue making your premium payments — and your employer doesn’t terminate the group policy — you’ll be covered whenever you might need to use it.
BENEFIT 04
It's a smart step in financial planning
Even the savviest of budgeters can run into unforeseen expenses. Although health insurance may cover a portion of hospital bills, it may not cover an entire stay. Plus, there are other costs to consider that can affect you financially, like childcare when you're in the hospital and recovering at home, transportation costs if you can't drive, additional healthcare needs like physical rehabilitation, and even grocery and food delivery costs. The cash provided by hospital indemnity insurance can help cover many of these expenses.
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