What is Hospital Insurance?
Hospital indemnity insurance, also known as supplemental hospital insurance, or health benefit indemnities, is accident and sickness health insurance for individuals and families that offers affordable financial protection for common medical services. Unlike major medical insurance, when you experience a covered medical event, hospital indemnity insurance pays a set fee, directly to you or a provider designated by you. Our indemnity plans are designed to be used in connection with your major medical insurance to include additonal supplemental medical insurance coverage such as accident indemnity and critical illnesses, indemnity, as well as and can include supplemental non-insurance services such as telemedicine, insurance advocacy, and pharmacy discounts. Hospital indemnity insurance offers "first dollar coverage", which provides you more flexibility for managing expenses related to health care expenses, such as the copays required by your major medical insurance for your hospital visit, or even lost wages for the time you were hospitalized. Because the coverage is so specific and it pays cash indemnities, it’s often the cheapest medical insurance you can get.