Hospital Indemnity Insurance for Real-life Medical Bills
Bridging Coverage Gaps for Hospital Stays
Hospital indemnity insurance pays a cash benefit directly to you when a covered event happens, such as an inpatient stay or emergency visit. That money can help with hospital copays, deductibles, transportation, or lost income while you recover. It is a strong companion to Medicare Advantage plans in counties like Baltimore City, Montgomery County, the Bronx, and Westchester, where daily inpatient copays are common. Benevolent Insurance Group Services helps you match benefit amounts to the costs you are most likely to face so a hospital stay does not disrupt your budget.
How Hospital Indemnity Plans Work
Fixed Benefits That Match Your Risk
Choose a daily hospital benefit, such as $250 or $350 per day, for a set number of days per confinement. Many plans add options for ambulance, emergency room, observation, or outpatient surgery.
Cash Paid to You
Benefits are paid to the policyholder, not the facility. Use the payment for medical bills or everyday needs like rent, groceries, or a caregiver.
Affordable Premiums
Because benefits trigger only when events occur, prices are typically modest at Medicare-eligible ages. BIGS compares carriers and designs so your premium fits comfortably.
Customize Coverage to Your Health Plan
Every health plan is different. Our team reviews your summary of benefits to align payouts with likely costs. Riders can expand protection for ambulance trips, skilled nursing facility days, cancer diagnosis lump sums, or accidental injuries. This approach helps clients from Silver Spring to Queens cover real gaps in a way that is simple to understand and easy to use. If you are on a marketplace plan, you can coordinate benefits with Under-65 health insurance to offset a high deductible or coinsurance on a Bronze or Silver plan.
Who Should Consider Hospital Indemnity
Medicare Advantage Members
Many MA plans have daily inpatient copays and separate charges for ambulances or outpatient procedures. A hospital cash plan can mirror those costs so recovery does not come with a surprise bill.
High Deductible Plan Users
Under-65 individuals on ACA plans or employer coverage can add indemnity benefits to soften the impact of a hospital stay.
Families With Kids
Some designs allow dependent coverage and can help when children need an unexpected admission or ER visit.
A Simple Example That Shows the Value
Jane has a Medicare Advantage plan with a $350 per day hospital copay for days 1 through 5. She chooses a hospital indemnity plan that pays $350 per day for up to five days. After a three-day admission for pneumonia at a Bronx hospital, her MA plan bills $1,050 in copays. The indemnity plan pays Jane $1,050. She uses the funds to pay the copays and keep her household budget on track.
FAQ: Hospital Indemnity Made Clear
Can I get coverage with pre-existing conditions
Often yes. Applications may include simple health questions and short waiting periods for recent conditions. We help you understand any limitations before you enroll.
Does it cover outpatient surgery or just inpatient
Base benefits focus on inpatient admissions. Many carriers offer riders for outpatient surgery, observation stays, and emergency room visits.
How do I file a claim
You submit a brief claim form and proof of the event, such as discharge papers. BIGS assists clients so claims are processed quickly.
If I never go to the hospital, do I get money back
No. This is protection for the unexpected. Some plans offer special features, but most do not refund premiums.
Can I buy this any time
Yes. Hospital indemnity insurance is available year-round. New Medicare Advantage enrollees often add it during plan selection, but you can enroll later for future events.
If you want guidance on whether to pair this with your current coverage, you can contact us for a quick review of your benefits and likely costs.