Hospital Indemnity
What is Hospital Indemnity Insurance?
Hospital indemnity insurance (HIP) is supplemental health insurance
that compliments your existing Medicare Advantage insurance
plan by giving you cash to help with the costs your plan doesn’t
cover.
Typical Services Available for Cash Payments:
➢ Hospital Confinement
➢ Lump Sum Cancer Rider
➢ Skilled Nursing Facility
➢ Ambulance
➢ Outpatient Surgery
➢ Urgent Care
If you are concerned about the potential financial burden of hospitalization, a hospital indemnity insurance policy may be a smart investment. With this insurance coverage, you can have peace of mind knowing that you have an additional layer of protection against unexpected medical expenses.
Hospital indemnity insurance can also provide benefits for outpatient services, including diagnostic tests and emergency room visits. This can be especially helpful if your primary health insurance plan has high deductibles or co-payments for these services.