What Are Hospital Indemnity Plans?

A hospital stay can bring unexpected costs, even with health insurance. Hospital indemnity plans provide cash benefits to help cover expenses that may arise during your time in the hospital. These plans work alongside your existing health coverage, offering financial relief for out-of-pocket costs. 

With a hospital indemnity plan, you receive a cash benefit for each day you are hospitalized, up to a set limit. This benefit can be used however you choose—whether for medical bills, travel, lodging for loved ones, or other expenses that come with a hospital stay. 

Key Benefits: 

• Helps cover out-of-pocket costs like deductibles and co-pays 

• Provides flexibility—use funds for travel, household bills, or other needs 

• Offers security, so you can focus on recovery instead of unexpected expenses