Hospital Cash Plan

  • What is hospital indemnity insurance?

    Hospital indemnity insurance is a type of plan that pays a set amount – per day, per week, per month, or per visit – if you’re confined in a hospital. The Hospital Cash Plan is a hospital indemnity insurance plan

  • How is the Hospital Cash Plan different from a traditional medical plan?

    Medical insurance reimburses the insured, or provider, for covered and approved medical services, procedures, equipment, and prescription drugs. The Hospital Cash Plan pays a lump-sum payment directly to the insured for a covered hospital confinement, outpatient surgery, and emergency injury or sickness.

  • Available benefits for Hospital Cash Plan

    Here’s an example of available benefits for this hospital indemnity plan.

    Lump Sum for Hospital Confinement Lump Sum for Accidental Injury and Sickness Lump Sum for Outpatient Surgery
    Five policy options:

    • $250
    • $500
    • $1,000
    • $1,500
    • $2,000
    • $150 for each emergency room visit
    • Within 72 hours of an accidental injury
    • $150 for each outpatient surgery
    • Paid per admittance/visit
    • For multiple surgeries within one admittance/visit, policy provides one cash payment
    Maximum of one confinement for each insured per year Maximum payments per year:

    • Individual – 2
    • Single Parent – 4
    • Family – 6
    Maximum payments per year:

    • Individual – 2
    • Single Parent – 4
    • Family – 6

    Details about the optional daily benefit

    An optional hospital indemnity/intensive care unit (ICU) daily benefit rider is available if you want additional coverage. We have three policy options:

    • $50/day ($200/day if ICU)
    • $100/day ($400/day if ICU)
    • $200/day ($800/day if ICU)

    This rider pays benefits for a maximum of 30 days (varies by state) if you’re confined to a hospital under a doctor’s supervision – either because of an injury or illness. As long as the rider is in force, the benefit is paid on day one along with the lump-sum hospital confinement benefit. A period of confinement could be:

    • One continuous hospital confinement
    • Or two or more hospital confinements for the same or related injury or sickness (unless the confinements are separated by at least 180 consecutive days from the start of one to the beginning of another, in which case they would be treated as separate confinements)

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Benefits may vary by state and may not be approved in all states. Limitations and exclusions may apply.
Our plans are not health plans and are not meant to ensure health coverage.

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