Extra protection
What Is Hospital Indemnity Coverage?
Hospital indemnity coverage pays cash directly to you after a covered hospital event.
Cash paid directly to you
The money does not go to the doctor or hospital. Your money. Your decision.
A $10,000 example
Imagine that your policy pays $10,000 for a covered overnight hospital admission. Your claim is approved, and the insurance company pays the $10,000 directly to you.
Use it where you need it
- Meet your deductible
- Cover out-of-pocket costs
- Replace lost income
- Pay household bills
- Build a wheelchair ramp
- Handle anything else you need
Tax note
Benefits are typically tax-free when premiums were paid with after-tax money. Tax rules depend on how the policy was purchased and paid for.