Many households are forced to live from paycheck to paycheck. What would happen if an employee were to experience an extended hospital stay? Chances are, the expense would over-extend their current major medical coverage, leading to potential financial trouble when they need to focus on recovery. A hospital indemnity insurance plan provides supplemental coverage that may be added to other existing health insurance plans. Benefits can be used as emergency funds to pay for co-pays, deductibles, childcare, living expenses, and other out-of-pocket expenses not already covered.

Many plans of this type pay a specified cash benefit directly to the employee for each day in the hospital. Most plans pay for:

• Any hospitalization
• ICU confinement
• Critical Care confinement

Some plans may also cover additional hospital-related services for a higher premium:

• Outpatient surgery, x-rays, diagnostics imaging, and lab procedures
• ER visits
• Continuous care
• Ambulances
• Doctor office visits

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