Hospital Indemnity Plans

Medicare Part A provides coverage for hospitalization, but leaves substantial costs to be paid by you.

You are responsible for:

  • $1,484 deductible for each benefit period.
  • Days 1–60: $0 coinsurance for each benefit period.
  • Days 61–90: $371 coinsurance per day of each benefit period.
  • Days 91 and beyond: $742 coinsurance per each “lifetime reserve day” after day 90 for each benefit period (up to 60 days over your lifetime).
  • Beyond lifetime reserve days: All costs.

Things to Know about Hospital Indemnity Insurance:

  • It is supplementary coverage that pays when you are hospitalized.
  • The benefits are paid directly to you rather than to your healthcare provider.
  • According to, The average cost of a 3-day hospital stay is around $30,000.
  •  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 is generally no waiting period for accidental injuries that require hospitalization.
  • Some policies have optional benefits on hospital, skilled nursing facility care, doctor’s office visit, outpatient surgical procedures, and hospital emergency room visit or ambulance service.

Compare plans the easier way:

There are several Hospital Indemnity plans available, with a variety of options. I’ll provide a report that includes price, financial ratings, and any pertinent information for the plans that interest you.
And, of course, there’s

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*I am paid a commission by the insurance company if you choose to purchase a policy. This is at no cost to you.