Hospital Indemnity Insurance
If you have a Medicare Advantage Plan (Part C) or health insurance with a high deductible, then a hospital indemnity plan may be a good addition to your coverage.
A hospital indemnity plan pays money directly to you if you go into the hospital. It pays regardless of any other coverage you have. The benefit to you is that you have money available to help you pay the co-pay or deductible.
Most policies are similar in that you pick how much you want to receive per day that you are in the hospital and how many days you want to receive it. Some of them can help pay for skilled nursing facilities or therapy, as well. There are multiple options for each company.
Policies are available for ages 40 to 85. There is underwriting to be approved for the policy, so it is important to get it while you are healthy.
At Imagine Insurance Advisors, we are independent agents. We do the shopping for you to provide the best solution for your needs. We represent multiple companies for every product line we carry and are confident in the carriers that we sell. Our goal is to provide the best solution for your individual needs.