“As healthcare costs continue to rise and consumers increasingly have higher deductibles and out-of-pocket maximums, hospital indemnity helps to defray some expenses not covered by primary health insurance, addressing a financial pain point for consumers.”
– Mike Fish
For most employees, their only real knowledge of hospital indemnity plans comes from a talking duck they see during the commercial breaks of sporting events. However, this type of benefit has been around for decades. What’s more, the benefit is adapting to changes in both employer healthcare plans and employee healthcare needs.
Hospital expenses from an accident or illness are very expensive and traditional medical insurance is not a good fit, especially when these expenses are not in a family budget. Hospital indemnity plans are very affordable, easy to budget for, and can pay those emergency bills within hours… not months like some traditional coverages.