3 Reasons Why Hospital Indemnity Insurance Is Worth The Money | We Discuss Why This Insurance Can Be An Important Component To Your Health Insurance

Updated: April 12, 2024 at 9:38 am

hospital indemnity insurance worth the money

Many people wonder what hospital indemnity insurance is and if they need it.

Oh, John, you say. Stop right there. I have health insurance. I’m covered.

Many people think they are. However, did you know your health insurance likely does not cover everything? Here’s what I mean.

Let’s say you are in the hospital for a few days because of an accident. The pre-insurance bill is $50,000. After it is all said and done, you owe $7,500 which includes your $6,000 deductible you will need to pay and $1,500 of coinsurance.

Do you have the money to pay for that? How would you pay for these unexpected medical expenses? A hospital indemnity insurance policy is an option.

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