Hospital Indemnity Insurance

This insurance offers limited coverage. It pays a fixed amount for each day, up to a maximum number of days. An individual may use it for medical or other expenses. Usually, the amount the individual receive will be less than the cost of a hospital stay.

Some hospital indemnity policies will pay the specified daily amount even if patient has other health insurance. Others may coordinate benefits, so that the money patient /insured receive is not equal / more than 100 percent of the hospital bill.