What Is a Hospital Indemnity Plan?
A Hospital Indemnity plan is a type of supplemental insurance that pays you a cash benefit if you’re hospitalized due to an illness or injury. This benefit is paid directly to you, not to the hospital or doctor, and can be used for any expenses you choose—medical bills, deductibles, travel, or even household costs.
How Does It Work?
Simple Enrollment: You choose a plan and benefit amount that fits your needs.
Cash Benefits: If you’re admitted to the hospital, the plan pays a set cash amount per day (or per event), regardless of other insurance you may have.
Flexible Use: Use the money for out-of-pocket medical costs, lost income, travel, or anything else you need.
No Network Restrictions: Benefits are paid the same no matter which hospital you use.
Most Popular Features
Key Takeaways
Pays You Directly: Use the cash for any purpose.
Works With Medicare: Helps cover gaps like deductibles, copays, and non-medical expenses.
Affordable Premiums: Plans are typically low-cost and easy to qualify for.
Peace of Mind: Reduces financial stress if you have an unexpected hospital stay.
Want to learn more or get a quote?
Contact us today or ask your FTJ Senior Insurance agent about how Hospital Indemnity plans can help protect your finances and your peace of mind.