Did You Know: Hospital Indemnity Insurance

Hospital indemnity insurance is a supplemental insurance plan that you can purchase in addition to your health insurance. Here's how it works:

• You pay a monthly premium.
• If you end up spending time in the hospital, you receive a fixed benefit amount paid directly to you to help cover expenses.
• The benefit amount is usually paid per day for each hospital confinement, and the insurance company pays this daily benefit amount for up to a year.
• It is considered a supplement to, rather than a replacement for, major medical insurance.

For example, you are hospitalized and have a Medicare per admission co-pay of $350. You pay that out of pocket per your coverage. Later you can submit a claim to your hospital indemnity plan to reimburse you cash benefits for services.

We have several carriers that offer this ancillary benefits if you are contracted to sell their Medicare Supplement plans.

See carriers: https://www.urlinsgroup.com/medicare-product-info/senior-ancillary-products.html