1. Home
  2.  » 
  3. Florida Supplemental Insurance
  4.  » Hospital Confinement Plans

Hospital Confinement Plans

If you’re admitted to the hospital unexpectedly, can you afford an extended hospital stay? Because 78% of Americans are living paycheck to paycheck, a sudden emergency room visit would more than likely throw you into serious financial trouble. And hospital visits aren’t that uncommon.

Did you know that in 2016, there were 145.6 million emergency department visits? Out of those 145.6 million, only one-third (42.2 million) of those visits were injury-related. And unfortunately, 12.6 million visits required hospital admission. Thankfully, there is a supplemental insurance plan that can cover the costs of extended hospital stays: hospital indemnity insurance.

What Is a Hospital Indemnity Insurance Plan?

Hospital indemnity insurance is coverage you can add to your existing health insurance plan. This form of supplemental insurance pays you a predetermined benefit amount per day for each hospital confinement. They usually pay you this daily benefit amount for up to a year.

The coverage your hospital indemnity insurance provides will depend on your plan choice. In general, most plans cover:

• Hospital confinement (with or without surgery)

• Intensive Care Unit (ICU) confinement

• Critical Care Unit (CCU) confinement

However, there are plans that cover even more. Some hospital indemnity coverage also includes :

• Outpatient surgery

• Continuous care

• Outpatient X-rays and laboratory procedures

• Outpatient diagnostic imaging procedures

• Ambulances

• Emergency rooms

• Physician office visits

How Much Does Hospital Indemnity Coverage Cost?

The monthly cost of a hospital indemnity plan will depend on your plan choice, age, gender, and possibly your tobacco use. For example, plans that offer fewer benefits may range from $5 to $41 per month. Plans that offer a wider range of benefits can vary anywhere from $27 all the way up to $427 per month.

Is Hospital Indemnity Insurance Worth Getting?

The average inpatient hospital stay will cost you $2,424, according to the Kaiser Family Foundation. With a comprehensive health insurance plan, you are still responsible for copays and coinsurance. On top of that, you are still required to pay your annual deductible before your plan will start covering the cost of your care. Can you predict how much you’ll owe without hospital indemnity insurance?

Are There Waiting Periods for Benefits?

Waiting periods vary for hospital indemnity insurance. In general, there is a 30-day waiting period before your benefits can be used toward an illness that results in hospital confinement. However, there may not be a waiting period for accidental injuries that land you in the hospital. Make sure to ask your agent about waiting periods before purchasing a hospital indemnity insurance policy.

How Does It Pay Out Benefits?

Like most supplemental insurance plans, hospital indemnity insurance pays cash benefits. This means the benefit amount you have chosen is sent directly to you instead of to your doctor or hospital.

Can You Add Dependents to a Hospital Indemnity Plan?

In some cases, yes. It is possible to add dependent children to some hospital indemnity plans. However, there will be an additional monthly premium per dependent.

<< Back to Supplemental Insurance

Florida Hospital Indemnity Insurance Quote Request

Please complete the form below and I or one of my associates will contact you within 24 hours with the requested information.

The next step is easy, call 239-596-8449

Latest Posts

Looks like you have blocked notifications!

This website provides information for the reader to choose to request more information about life insurance, insurance for small business, health insurance, Medicare, and supplemental insurance including how to request a quote. By requesting a quote, you agree to our Privacy Policy and our Terms & Conditions. If you submit your personal information, you are making a consumer inquiry for life insurance, insurance for small business, health insurance, Medicare, and supplemental insurance through me as a licensed insurance producer as more fully described below. By proceeding, you give your consent and expectation to be contacted by Richard E Smith and/or associates. Any health or personal information shared is protected by applicable privacy laws and regulations, including HIPAA.

Invitations on richardesmith.com for application for insurance are made through Richard E Smith an independent agent/producer. Richard E Smith is a licensed insurance producer in Florida (License# W568154).

Commercial use by others is prohibited by law. No portion of richardesmith.com may be copied, published, faxed, mailed or distributed in any manner for any purpose without prior written authorization from the owner.

Insurance policies described, quoted, shown, and illustrated throughout this website are not an offer for the sale of any particular insurance policy or product, only an invitation for application for insurance coverage and may not be relied upon. There are many variables in different insurance coverages and companies, including various insurance company standards and offerings, underwriting requirements and may not be available in all states.

We do not sell your personal information to anyone! You will not receive unsolicited, intrusive calls or emails from other agents and companies across the country. If you do provide your telephone number, Richard E Smith and/or his associates may call or text message/SMS you at the phone number(s) above, including your wireless number if provided. Normal charges may apply. This call may be generated using automated technology and if we're unable to reach you when we call, we may leave you a pre-recorded message, so you can call us back. Your consent to us calling is not required to get a quote or make a purchase and may be revoked at any time. You may simply call us at 239-596-8449. | Privacy Policy | Terms of Use