Hospital indemnity insurance can help protect you from the significant expenses that hospital stays often bring. It’s flexible, meaning you can use it to help cover a variety of costs you might incur after you spend time in the hospital. Keep reading to learn more about how hospital indemnity insurance works and whether it makes sense for your unique situation.
You can purchase hospital indemnity insurance in addition to your standard health insurance plan. As long as you continue to pay your premiums, you’ll receive a benefit to help cover expenses you might face as a result of a covered hospital stay. Unlike standard health insurance, hospital indemnity insurance sends you the benefit directly (unless assigned otherwise), so you have complete freedom of how you use it.1
Since hospital indemnity insurance is flexible, you can use it to help pay for a variety of expenses.1
Just like most insurance plans, the price of hospital indemnity insurance will depend on factors like your age, location, coverage amount, and the insurance company you choose. However, many policies are very affordable and start at around $10 per month.1
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Here’s a look at how hospital indemnity insurance compares to other types of supplemental policies Aflac offers:
While hospital indemnity insurance is designed to help pay for expenses related to hospital stays, accident insurance is for costs incurred due to sudden accidents and injuries. Both policies pay benefits directly to the policyholder, unless assigned otherwise.
Hospital indemnity insurance helps pay for hospitalization expenses. Critical illness insurance, on the other hand, offers a lump sum benefit if you’re diagnosed with a covered health event.
While a hospital indemnity policy helps cover hospitalization expenses, cancer insurance pays out a lump-sum benefit if you’re diagnosed with cancer. You can use cancer insurance for cancer-related medical expenses and everyday costs.
Short-term disability insurance can come in handy if an injury or illness puts you out of work for a temporary period of time. It differs from hospital indemnity insurance, which is intended for hospitalization expenses.
You might want to explore hospital indemnity insurance if any of the following situations apply to you:
With hospital indemnity insurance, you can avoid the hefty costs of accident-related hospital stays. This type of policy may reassure you that you’ll have help in the event a covered accident strikes.
As you shop around for a hospital indemnity insurance plan, it’s a good idea to focus on these factors:
Ask yourself whether you’re looking for a policy that only helps cover you or you’d prefer a policy that helps protect your entire family.
Since many plans pay based on the number of hospitalization days, you’ll want to determine the ideal amount for you.
Look for a hospital indemnity insurance policy that offers the most affordable coverage for your particular needs.
Aflac offers affordable hospital indemnity insurance that can help give you peace of mind. If you invest in a policy, you’ll quickly receive your benefits after a hospital stay. Start chatting with an agent and consider getting a quote today.
Explore your hospital insurance options.
1 Forbes - What Is Hospital Indemnity Insurance? Updated March 10, 2023. https://www.forbes.com/advisor/health-insurance/hospital-indemnity-insurance/. Accessed March 30, 2023.
Hospital Confinement Indemnity - In Delaware, Policies B40100DE & B4010HDE. In Idaho, Policies B40100ID & B4010HID. In Oklahoma, Policies B40100OK & B4010HOK.. In Virginia, Policies B40100VA & B4010HVA.
Accident - In Delaware, Policy A371AA & A371BA. In Idaho, Policy A37000ID. In Oklahoma, Policy A37000OK. In Virginia, Policies A371AAVA & A371BAVA.
Critical Illness - In Delaware, Policies A74100DE, A74200DE, A74300DE. In Idaho, Policies A74100ID, A74200ID, A74300ID. In Oklahoma, Policies A74100OK, A74200OK, A74300OK. In Virginia, Policies A74100VA, A74200VA, A74300VA. Not available in New York or Pennsylvania.
Cancer/Specified-Disease - In Delaware, Policies B70100DE, B70200DE & B70300DE. In Idaho, Policies B70100ID, B70200ID, B70300ID, B7010EPID, B7020EPID. In Oklahoma, Policies B70100OK, B70200OK, B70300OK, B7010EPOK, B7020EPOK. Not available in New York or Virginia.
Short-Term Disability - In Delaware, Policies A57600DE & A57600LB. In Idaho, Policy A57600IDR. In Oklahoma, Policies A57600OK & A57600LBOK. In Virginia, Policies A57600VA & A57600LBVA.
This is a brief product overview only. Coverage may not be available in all states. Benefits/premium rates may vary based on plan selected. Optional riders may be available at an additional cost. Plans and riders may also contain a waiting period. Refer to the exact plans and riders for benefit details, definitions, limitations and exclusions. For availability and costs, please contact your local Aflac agent/producer.
Coverage is underwritten by Aflac. In New York, coverage underwritten by Aflac New York.
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