When you have to go to the hospital, you assume that your health insurance will cover most of the costs. However, this is not always the case, in fact, many health insurance plans including Medicare do not cover many of the costs associated with a hospital stay. A hospital indemnity plan can help cover hospital costs. Here is some information to think about if you are considering a hospital indemnity plan.
What is covered?
Hospital indemnity plans provide a daily benefit, usually in the form of a set cash amount, for each day that you are hospitalized. This daily amount is paid to you after you leave the hospital to help you pay the hospital bills. For example, if your indemnity benefit is $100 per day, and you are in the hospital for 10 days, then you are eligible for $1,000 to help you pay for hospital costs.
What is not covered?
Certain services may not be covered such as outpatient surgery, or nursing facility expenses. Hospital indemnity plans pay a set cash amount, and then the rest of your bill is up to you, which is where your comprehensive insurance can help! Some policies may require you to be hospitalized for a certain amount of days before your benefits will be paid. It is important to read the plan description and learn all the various exclusions it has, so there are no surprises when you are paying your medical costs.
Contact SeniorChoices NW in Wilsonville for all of your Oregon senior health insurance needs. Hospital bills can be expensive, and many plans do not cover all of the hospital costs. Get a hospital indemnity plan to keep you covered if you have to go to the hospital! Stay protected and get a policy, today!