What hospital indemnity insurance is
Hospital indemnity insurance pays you a fixed cash benefit when you are admitted to the hospital. The money goes to you, not to the hospital, so you can use it for whatever you need: a deductible or copay, or the costs health insurance does not cover, such as travel, meals or help at home while you recover.
How it fits with your other coverage
It does not replace health insurance. It works alongside it, including alongside Medicare. What it pays, when benefits begin and what counts as a covered stay depend on the policy and the state.
Who it can help
- People with a high deductible or high out-of-pocket costs.
- People on a plan with a $0 premium, who want cash set aside for a hospital stay.
- Anyone for whom an unexpected bill would be hard to absorb.
Hospital Recovery Insurance is a similar kind of cash-benefit coverage. You can read about it on our Hospital Recovery Insurance page.
To see what is available where you live and what it costs, call (313) 585-5257. Policies have exclusions and limitations, and availability and benefits vary by carrier and state.
LifeSecure provides a different kind of insurance experience to create a better future for our customers.
Insurance can be complicated. You want a smart advisor on your side. LifeSecure is filled with knowledgeable people ready to answer complicated questions and tackle the toughest situations. We are an experienced insurance team that comes up with simple solutions – solutions that actually work for our customers.
LifeSecure Insurance Company, based in Brighton, MI, is solely responsible for and underwrites the Personal Accident, Hospital Recovery and Critical Illness insurance products. These insurance policies have exclusions and limitations. Visit www.YourLifeSecure.com for product information, by state.