Understanding Voluntary Benefits:
What is hospital insurance?
Hospital Indemnity Insurance is supplemental insurance that helps you pay for expenses incurred during a hospital stay that are not covered by health insurance.
Today, the average length of a hospital stay is five days, and costs more than $30,000 dollars. Most standard health insurance plans don’t cover all the costs of a hospital stay. So, many people find Hospital Indemnity Insurance a good way to leave the hospital healthy, both physically and financially. Plans generally provide a cash benefit paid directly to you, and can be used to help pay for the out-of-pocket expenses that health insurance doesn’t cover.