If you have ever been in the hospital, or had a family member in the hospital, then you know how expensive it can be. If you don't have hospital confinement indemnity insurance, then you really should consider it. Not only are medical cost high, but there are always other cost involved in a hospital stay. Usually a loved one, or caregiver, will come to the hospital every day to make sure you get everything you need, and to keep you company. It doesn't take long before all those extra expenses start to add up, and cause a financial strain. Here are some of the cost that may be incurred.
1. Fuel cost of driving back and forth to hospital.
2. Cost of caregiver eating out.
3. Lost wages of person hospitalized, or caregiver.
4. Possible babysitting fees for caregivers children.
5. High deductible to pay from health insurance plan.
6. Co-insurance - the amount insurance does not cover.
There are probably more cost than these that will come up when you or a loved one are in the hospital. By having a hospital confinement indemnity policy you can use the benefits to pay for some of the cost. Knowing that you will have extra cash coming in to take care of some of these expenses is a real stress reliever.
A hospital confinement indemnity plan is a supplemental policy that pays the cash benefits directly to you. You can use the money to pay for medical cost, or just buy needed groceries. The way the money is spent is up to you and your needs. It doesn't get much easier than that!
When you start looking for a hospital confinement indemnity plan you will see that some may be different from others. This is a good time to have a qualified insurance agent explain the differences to you. By discussing your options with an agent you can be assured they will offer information that you didn't even know to ask about. You want to get a hospital confinement indemnity policy that not only meets your budget, but one that pays out the best benefits possible.
Supplemental policies, like the hospital confinement indemnity policy, have premiums much smaller than your regular health insurance. So, almost every family can afford to have one on the bread-winner in the family. This is important because if the main bread-winner is not able to work, their salary may be compromised.
It doesn't take long to get behind on your finances when someone in the family is not receiving their full paycheck. Having a hospital confinement indemnity plan can take the worry out of situations like this.
Normally a hospital confinement indemnity plan pays a certain cash benefit per day, for every day you are confined to the hospital. Many policies pay a lot more per day if you are confined to intensive, or critical care units.
No one anticipates being in the hospital, but it happens to people every single day. Talk to an insurance agent and get you a hospital confinement indemnity plan today.