What is Hospital Indemnity?

Hospital Indemnity or Fixed Indemnity (F.I.) plans are a type of health benefits coverage that offers financial protection for commonly needed medical services, including hospital and doctor benefits. That means that when you experience a covered medical event, Hospital Indemnity or Fixed Indemnity plans pay a set fee, directly to you or a provider designated by you. Hospital Indemnity coverage can also include supplemental medical benefits for critical illnesses or accidents, as well as non-insurance supplemental health benefits such as tele-medicine, insurance advocacy programs, and discount prescription benefits.

Unlike traditional insurance, where you are responsible for paying co-pays and coinsurance, Hospital Indemnity plans provide ‘first dollar’ coverage, without co-pays or coinsurance. That means that that you can combine a Fixed Indemnity Hospital Plan with a traditional high-deductible plan in order to cover medical expenses before reaching the deductible. This first-dollar coverage provides you flexibility for managing health care expenses. Hospital Indemnity plans are typically paid for on a monthly basis. Some plans offered by Health Benefits Connect can be purchased by a simple online application, without medical underwriting. Please feel free to call us at 866-966-9868 if you have questions about Hospital Indemnity Plans.