HOSPITAL INDEMNITY PLAN

A trip to the hospital can be stressful, and so can the bills. Even with major medical insurance, or some Medicare supplement plans, you may still be responsible for co-payments, deductibles and other out-of-pocket costs. Our hospital indemnity plan pays a cash benefit directly to you whenever you or your covered family members are admitted to the hospital. Whether you're being treated on an inpatient or outpatient basis, this coverage can help you manage your expenses.

Example of how a plan can work:

Nathan works hard to pay for the things that matter to him and his family. So when his appendix ruptured, he worried what it would mean to his finances. His recovery kept him in the hospital for five days, but Nathan's hospital indemnity coverage protected his savings. A lump-sum benefit helped Nathan with the unexpected costs - so he could get back to work with fewer worries.

Here's how Nathan's plan helped:

Out-of-Pocket Expenses Incurred:

Emergency room co-pay = $100

Deductible = $500

Co-insurance for five-day hospital stay = $2,000 ($10,000 x 20%)

TOTAL Out-of-Pocket Expenses = $2,600

Benefits Paid:

Emergency room visit = $150

Hospital admission benefit = $1,500

Daily hospital confinement benefit = $500 ($100 x 5 days)

TOTAL BENEFIT Paid Under Policy = $2,150
 
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