What is a hospital confinement indemnity policy?
Hospital Indemnity insurance, also called Hospitalization insurance or Hospital insurance, is a plan that pays you benefits when you are confined to a hospital, whether for planned or unplanned reasons, or for other medical services, depending on the policy.
Is a hospital indemnity plan worth it?
The answer is “no”. Hospital indemnity insurance is not traditional health insurance. Note: you may receive a medical card because some hospital indemnity insurance plans can act as primary health insurance. In your case, however, you won’t need that card since you have primary health insurance.
What is considered hospital confinement?
A hospital-confinement indemnity plan pays you a fixed fee if you are admitted to a hospital. You use it like supplemental hospital coverage. So if you have to stay in the hospital, the plan gives you extra money to help you pay for your care.
Is pregnancy covered under hospital indemnity?
Hospital indemnity insurance can cover you, your spouse and your kids if a hospital visit for an accident or sickness were to occur. If you’re having a baby, hospital indemnity insurance may provide coverage for extra days in the hospital post childbirth, in addition to other insurance you have in place.