What is hospital indemnity insurance?
Limited Benefit Hospital Indemnity Insurance is a supplemental medical product designed to provide benefits that cover certain out-of-pocket medical expenses related to treatment received in a hospital. The specific benefit amounts are not based on out-of-pocket expenses but rather on the number of days treatment lasts and plan level.
Hospital indemnity insurance also helps cover hospital stays for sickness or accidents and has treatment benefits for injuries incurred due to a covered accident.