What is Hospital Indemnity Insurance? | Humana

Today’s question: “What is hospital indemnity insurance?” The simple answer is that hospital indemnity insurance is additional health coverage that pays you a daily amount when you’re hospitalized Some policies also let you choose additional coverage that pays you when you need other medical services like trips to the emergency room, x-rays, or follow-up visits to your doctor’s office

Why is that important? Well, about half of all the money spent on medical costs in the US is spent on services that happen in hospitals and hospital services continue to be one of the fastest growing medical expenses in the country And if you have a high deductible health plan, you know you could have a lot of out-of-pocket costs before your insurance kicks in So, having hospital indemnity insurance to help when you’re hospitalized makes sense Hospital indemnity insurance pays benefits directly to you or to someone you designate so it really helps you maintain your financial health when you have medical problems You can use the money for whatever you need like household bills or to pay medical costs

To see how this works, let’s meet Juan Earlier in the year, he enrolled his family in his employer’s Humana Hospital Indemnity Insurance plan because he thought it seemed really affordable And recently, Juan found out just how helpful this decision turned out to be His daughter Elena had to go to the hospital and because Humana Hospital Indemnity Insurance is effective right away, Juan was able to file a claim that same week So, paying Elena’s hospital bills wasn’t a huge financial burden

For Juan, that was a great help He could take a couple of days off work to be with Elena and was able to cover childcare costs for his other kids when he needed to stay over at the hospital All in all, Humana’s Hospital Indemnity Insurance made a big difference to Juan’s family Elena is back home and next week she’ll be back in school, which means that Juan will be back to work But because Humana was there, Juan was able to keep up with expenses and still be there for his daughter when she needed him most

To sum it up, Humana’s Hospital Indemnity Insurance can help cover expenses that otherwise might fall through the cracks And it lets you focus more on your family’s health and less on your finances So, now you know about Humana Hospital Indemnity Insurance coverage Until next time, stay smart and stay healthy

Source: Youtube

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