Hospital stays are no fun. Neither are the bills.
A hospital stay is a lot more common than people may realize. And when it happens, it can be costly. Hospital indemnity insurance is one way to help protect your family's savings.
Hospital indemnity insurance provides a predetermined lump sum cash payment while you are hospitalized as a result of a serious accident or illness as defined by your policy.
The payout is not dependent upon the amount of your hospital charges or other insurance coverage and benefits you may have.
Most hospital indemnity insurance allows you to use the money however you wish. Many don’t require you to answer questions about your health when enrolling, and some allow you to enroll in coverage for your dependents, too.
How hospital indemnity insurance works
What hospital indemnity insurance covers
You may be eligible to receive a hospital indemnity insurance benefit if you are hospitalized as a result of serious injury or illness as defined by the policy.
Coverage varies and limitations can apply, so be sure to check any policy for details and exclusions before you enroll.
Why it makes sense
Protecting yourself and your family with additional, cost-effective coverage is one way you can try to avoid incurring significant medical debt due to a hospital visit or stay.
How do I purchase this type of insurance?
Our insurance products may be offered through your employer. Contact your employer's benefits department today to learn more about your group health insurance options and costs.
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Supplemental health insurance benefits
Supplemental health insurance provides additional coverage for out-of-pocket expenses and unexpected costs (like a visit to the hospital) that may not be covered by your main health plan. It helps fill in those gaps.
This is a limited benefit product. Hospital indemnity insurance has exclusions, limitations, reduction of benefits and terms under which the policy may be continued in force or discontinued. For costs and complete details of the coverage, contact Securian Financial. Product availability and features may vary by state.
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