Hospital Indemnity Insurance
Definition - What does Hospital Indemnity Insurance mean?
Hospital indemnity insurance is a supplement to a standard health insurance policy that covers hospital expenses based on a fixed rate per day in the hospital. This coverage can be extremely helpful for anyone who faces an extended stay in a hospital.
Insuranceopedia explains Hospital Indemnity Insurance
People who face lengthy hospital stays can incur enormous costs. Spending weeks in inpatient care can mean incurring thousands of dollars worth of expenses. Without adequate coverage, the patient would have to shoulder most of these costs. Hospital indemnity insurance alleviates some of this financial burden for the policyholder.