Medical debt is the #1 cause of bankruptcy in the United States. It’s no secret that hospital expenses are incredibly expensive. Hospital indemnity insurance can be the safety net you need to protect you and your family from a mountain of medical bills should an unexpected hospital visit be required. 

Hospital indemnity insurance (also referred to as hospital insurance, medical indemnity, and fixed indemnity health insurance) is an insurance plan that pays you a set amount of money for covered medical services. Covered medical services vary by plan but could include emergency room visits, inpatient hospital stays, ground transportation by ambulance, air transportation by helicopter, surgery and anesthesia, and a select number of doctor visits.

With a hospital indemnity insurance plan, your insurance company pays cash directly to you to use for out-of-pocket expenses your health insurance might not cover. This type of insurance is not a replacement for your regular health insurance, but can protect you when an unexpected accident or illness occurs.

There are a few other features unique to this kind of hospital indemnity insurance:

• It has no network, so you can see any doctor you would like
• It has no deductible
• It has no coinsurance
• It supplements your major medical insurance
• The insurance company pays the benefit to you directly