Health insurance is one of the best backups against both anticipated and unforeseen medical costs. While your medical insurance may cover hospital bills, you may still be responsible for costs such as co-pays and deductibles. Hospital Indemnity insurance can be invaluable in these situations.
Hospital indemnity insurance assists in offsetting hospital expenses. As an extension to your current health or Medicare insurance plan, these policies are stand-alone coverage that can provide ease of mind by covering potential deductibles, co-insurances, and co-pays for unexpected hospital visits.
Plans are flexible and designed to fit each client’s personal needs and budget!
Those who have health insurance or Medicare Advantage plans that have deductibles, co-insurances, and/or copays would benefit from having a Hospital Indemnity insurance policy in place. The monthly fee for these plans allows people to transfer to the insurance company the risk of potentially large out of pocket hospital expenses.
Unlike other types of insurance, hospital indemnity insurance reimburses people for a hospital stay, and in some plans for a stay in a skilled nursing facility, with a daily reimbursement benefit. This reimbursement puts you in control of covering the expenses you need to, such as:
An indemnity insurance policy compensates for actual out-of-pocket costs. We will help design a plan with benefits that meets your copays and deductibles for a hospital stay at a budget friendly cost!
Following an injury or illness, hospital stays can be expensive. Having financial assistance to meet the constantly rising costs provides peace of mind for you and your loved ones!
Protect your financial assets! Reach out to us and we'll help design a personal plan to fit your needs! Contact Mike at mike@mymedicare-101.com for more information on hospital indemnity insurance.