Hospital Indemnity Plans in La Plata, Waldorf & Fort Washington, MD
What is Hospital Indemnity insurance?
Hospital Indemnity Protection plans are designed to provide cash assistance for out-of-pocket costs associated with medical events and beyond. The best feature of many plans is the ability for you to select the amount of coverage you want. This allows for flexibility in your premiums and plan choices. A single plan can offer coverage for the whole family. You will not need a plan for each member of your family.
Hospital Indemnity coverage will offer lump sum payouts for hospital stays, including surgery and follow up treatments and more. This cash can be a real benefit when you need funds for any expenses linked to your stay. The funds can be spent on anything you need. The trigger for the payment is the medical event but you are not required to spend it only on medical expenses. This money is yours and pays regardless of what additional insurance you have. When a medical event occurs (like a hospital stay or in-and-out surgery), you may have a deductible you need to cover, or need some funds to cover a babysitter while you visit the hospital. The choice is yours as to how it is spent.
Another area that Hospital Indemnity Protection is extremely helpful is with Medicare Advantage Plans. I have carriers that design plans to “dovetail” with your current Medicare Advantage Plan to assist with the associated co-pays and deductibles under your plan. Often, the biggest out-of-pocket costs with Advantage Plans is a hospital stay. We can set up the plan to pay for your hospital deductible. We can add coverage for the ambulance co-pay. You can also choose to have additional payments for a cancer diagnosis, critical illness, accident and more. You choose what to cover based on YOUR need and budget. Another bonus is there is typically little to no underwriting to apply for these plans. That means you do not need to be the picture of health to be able to enroll in a Hospital Indemnity plan.
Hospital Indemnity Protection is an often-overlooked option when it comes to figuring ways to meet your costs under any medical coverage. With a wide array of carriers, we can go “shopping” to see which of my companies will give you the best “bang for the buck”.
It would be my honor to assist you in finding the least expensive way to keep your medical bills paid. Hospital Indemnity Protection is an affordable, flexible, convertible plan that can pay big when you need it the most. Give me a call and let me know your concerns and we will find you a plan that can meet those needs.