Hospital Indemnity Insurance
Hospital indemnity insurance pays a fixed cash benefit for each day you're hospitalized, helping cover deductibles, copays, and everyday expenses that pile up during a hospital stay.
What Hospital Indemnity Covers
Policies typically pay a daily benefit (e.g., $100–$500 per day) for each day you're admitted to a hospital, ICU, or step-down unit. Some plans also pay for outpatient surgery, emergency room visits, and rehabilitation stays.
Filling the Gaps in Your Health Plan
Even with good health insurance, a hospital stay can result in significant out-of-pocket costs. Hospital indemnity benefits are paid directly to you — not to the hospital — so you can use them however you need, from medical bills to rent and groceries.
Ideal for Medicare Beneficiaries
Hospital indemnity plans are particularly popular among Medicare beneficiaries to help cover the Part A deductible and daily coinsurance for extended hospital stays. They provide peace of mind that a hospitalization won't derail your finances.
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