Helpful answers about hospital indemnity insurance.
It is supplemental insurance that may pay fixed benefits for covered hospital-related events according to the terms of the policy.
No. It is not a substitute for comprehensive major medical insurance or minimum essential coverage where applicable.
Benefits are paid according to policy terms. Depending on the policy structure, policy benefits may help offset eligible out-of-pocket costs associated with a covered hospital event.
No. Benefits vary by carrier and plan. Always review the exact policy details.
No. Eligibility, underwriting and availability vary by carrier, state and product.
Cancellation rights depend on the policy, state law and carrier rules. Review your policy documents for details.