A hospital stay can be traumatic — to your health, your wallet, and your family. Even if you have additional medical insurance, you will most likely have costs that aren’t covered. That’s when our insurance plan can provide you with supplemental cash benefits to use as needed.
Also known as fee-for-service plans, indemnity plans let you choose any doctor or hospital you like, and then the insurance company pays a set portion of the total charges. Hospital indemnity insurance cover the biggest costs of people who have become hospitalized or need physical therapy. They also offer a lump sum payout upon the diagnosis of cancer. You can put in multiple claims within a given year as the policies reset after 60 days.
Hospital Confinement Benefit
Pays for each day of confinement in a hospital. You can choose the number of days per period of confinement (6, 7, 8, 9, 10, 21, or 31 days) and the amount per day (from $100-$600 in $25 increments). After you are released from being confined in a hospital and remain out of the hospital for 60 continuous days, your benefit period resets.
Observation Unit Benefit
Pays 100% of the Hospital Confinement benefit amount per day for a maximum of six days per calendar year while receiving services in a hospital observation unit as a result of a covered loss due to sickness or injury.
Hospital Confinement Benefit
Pays for each day of confinement in a hospital. You can choose the number of days per period of confinement (6, 7, 8, 9, 10, 21, or 31 days) and the amount per day (from $100-$600 in $25 increments). After you are released from being confined in a hospital and remain out of the hospital for 60 continuous days, your benefit period resets.
Observation Unit Benefit
Pays 100% of the Hospital Confinement benefit amount per day for a maximum of six days per calendar year while receiving services in a hospital observation unit as a result of a covered loss due to sickness or injury.
Emergency Room Benefit
Pays $150 per day while receiving services in a hospital emergency room as a result of a covered loss due to an injury if admitted to a hospital within 24 hours. Maximum four days per calendar year.
Transportation and Lodging Benefit
Pays $100 per day for a maximum of 10 days per calendar year to cover expenses incurred for transportation or lodging while receiving treatment in a hospital or medical facility located more than 50 miles from the insured’s residence.
Inpatient Mental Health Benefit
Pays $175 per day of confinement in a hospital due to a covered mental or nervous disorder for a maximum of seven days per calendar year.
