5201 W Kennedy Blvd Suite 205, Tampa, FL 33609
Hospital Indemnity
Hospital Indemnity Coverage for Covered Hospital Stays
Hospital indemnity insurance may provide fixed payments for covered hospital events according to the policy’s terms. It is supplemental coverage and does not replace major medical insurance.
Fixed payments for covered events
Payments subject to policy terms
Supplements other health coverage
Everyday expenses continue during a hospital stay
Hospital indemnity coverage may provide a fixed payment for covered events. Payment amounts, covered events, exclusions, and limitations vary by policy.
Household expenses continue
Regular household expenses may continue while someone receives hospital care.
Transportation and family needs
Transportation, meals, child care, and other nonmedical needs may arise during a hospital stay.
Health plan cost sharing
Out-of-pocket costs under a health plan vary by plan.
What it is
Hospital indemnity insurance is supplemental coverage that may make fixed payments for covered events according to the policy’s payment schedule.
- Payments may be made directly to the policyholder, as stated in the policy
- Payment amounts depend on the covered event and policy terms
- Coverage may supplement Medicare, employer coverage, or other health insurance
What it is not
This is a separate insurance product. It is not part of Medicare and is not affiliated with the Medicare program. It does not replace major medical insurance.
- Not a substitute for major medical coverage
- Not part of the federal Medicare program
- Covered events, exclusions, limitations, and availability vary by policy and state
Questions to Consider
Out-of-pocket costs vary by plan. Review your existing health coverage and the hospital indemnity policy’s covered events, payment schedule, exclusions, and limitations. A licensed insurance agent can explain the options offered by the carriers we represent.
Hospital Indemnity FAQs
Simple answers, no confusing language.
Who may consider hospital indemnity coverage?
Someone looking for supplemental coverage for covered hospital events may consider this type of policy. Eligibility, covered events, exclusions, and limitations vary by policy and state.
How can a policy payment be used?
When a covered payment is made directly to the policyholder, it can generally be used for expenses the policyholder chooses. Payment terms and any restrictions are described in the policy.
Can it supplement Medicare coverage?
Hospital indemnity insurance is separate from Medicare and may be used as supplemental coverage. It is not part of Medicare and does not replace Medicare or other major medical insurance.
How can I compare available policies?
Premiums, eligibility rules, covered events, exclusions, and limitations vary by carrier, policy, and state. A licensed insurance agent can review the policies offered through the carriers we represent.
MULTIPLAN_HCSPTC1_C
TTY: 711
|
Mon–Thu: 9:00 AM–8:00 PM ET