What is Home Indemnity insurance?
Hospital indemnity plans are considered fixed indemnity coverage, which means they provide completely separate benefits from your major medical insurance (i.e., Obamacare) plan. When you incur covered medical expenses resulting from hospitalization, surgery, chemotherapy and radiation services, your HIP will pay a fixed benefit (i.e., a set amount). That amount may be per day, per week, per month, per visit or per event, depending on the plan and the benefit that applies.
In the simplest of terms, a hospital indemnity plan is coverage that provides specified fixed-dollar-amount benefits for covered hospital services and durations, regardless of the actual cost of the service. HIP policies are standalone, which means they do not coordinate with your other health insurance coverage.
Some hospital indemnity plans cover additional services such as ambulance trips, second surgical opinions, and even chemotherapy and radiation. Optional health maintenance and diagnostic testing benefits that pay a fixed amount for preventive care, X-rays, urgent care and other services may also be available with some plans. As with any healthcare product, the options and benefits available to you will vary by plan.
To learn more about HIP and ask specific questions, call the number at the top of your screen to contact us and let's discuss hospital indemnity options with you.
Fayetteville, GA 30215
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