Hospital Confinement/Indemnity Insurance
Stay covered even health insurance isn’t enough.
About Hospital Confinement/Indemnity Insurance
This type of insurance is a limited benefit policy designed to help you cover hospital and medical costs that are not covered by health insurance. As its name suggests, it’s a plan that will pay you benefits when you are confined to a hospital.
Although many often confuse it with health insurance or think that it is part of health insurance, hospital confinement is a separate type of insurance policy most commonly used to pay out-of-pocket hospital and medical costs. Hospital indemnity insurance doesn’t meet the minimum essential coverage under the Affordable Care Act and as such, it can’t be considered as health insurance.
When a sudden injury, illness or condition strikes, a trip to the hospital can leave you and your family in deep financial debt. If you have health insurance, it will provide coverage for most medical costs and you may think your financial troubles are taken care of.
However, operations and recovery periods are often accompanied by other out-of-pocket costs such as co-payments, doctor’s appointments, inpatient services and similar costs that can put a strain on your budget as much as the regular hospital costs.
Sometimes medical costs outside the regular ones can get to thousands of dollars, money not everyone has in their savings account.
Hospital Confinement Insurance is what helps in this situation and provides you with either a lump sum or coverage of some costs that are included in your hospital insurance plan. Having health insurance coverage will give you peace of mind and allow you to focus on your recovery without worrying about finances and debt.
This insurance provides coverage of costs outside of the regular medical bills. If you become ill or injured, you can file a claim to activate your hospital indemnity insurance policy.
Your Hospital Indemnity insurance benefits will be paid to you in a lump sum, based upon the number of days you are typically confined in the hospital and can be used for medical expenses or any expense.
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Learn more about your Hospital Confinement Indemnity insurance options. Have questions? Let me know!
Advantage Plus is designed to fill some of the co-payments, deductibles or coverage limits of today’s most popular health insurance plans. Cash benefits are paid directly to insured to cover hospital confinement, ambulance trips and skilled nursing care expenses, to name a few.
The best is now even better with GTL’s Advantage Plus Elite Hospital Confinement Indemnity Insurance! Advantage Plus Elite is designed to fill some of the co-payments, deductibles or coverage limits of today’s most popular health insurance plans. Cash benefits are paid directly to insured to cover hospital confinement, ambulance trips and skilled nursing care expenses, to name a few.
