Hospital Indemnity Insurance

Hospital indemnity insurance pays cash benefits directly to the insured in the event of a hospitalization due to a covered sickness, accident, or pregnancy. Benefits are paid regardless of your underlying medical coverage.

Your hospital medical insurance may leave you with unpaid bills after your hospitalization raising your baby delivery costs: deductibles, co pays, co insurance, and amounts over usual customary and reasonable (UCR) may come as a big surprise.  Hospital indemnity insurance plugs the holes.

Hospital indemnity insurance is vital maternity coverage. To find out why read more below about:

• Hospital Health Insurance Holes – What they are and how to fill them
• Hospital Maternity Stay – Hospital indemnity covers mom’s labor and delivery
• 1/8 Babies are Born Premature – Hospital indemnity insurance pays an extra benefit
• Multiple Pregnancies Deliver Early - Hospital indemnity insurance covers each child

Hospital health insurance plans often come with a variety of holes:

• Deductibles – where you make payments before benefits begin
• Co Pay – amounts you pay per day of hospital confinement
• Co Insurance – the percentage you pay of reimbursable expenses
• Amounts over usual customary and reasonable – the dirty secret of the medical industry: not every provider at an in-network hospital bills you at the in-network rate.  You are responsible for the difference.  If your child is born prematurely, he/she may be transferred to an out of network hospital for specialized care.
  

These expenses will be your responsibility to pay should you require hospitalization.  At the same time you may suffer a loss of maternity income making it hard to pay these bills.  Hospital Indemnity Insurance will pay cash benefits directly to you to help fill these holes.

Hospital indemnity insurance is a great supplemental maternity insurance option for one simple reason - mom may be planning a hospital stay to deliver her baby!

Growing families feel the holes in hospital insurance plans the most.  They utilize hospitals even when they are perfectly healthy, but may also need extra care if pregnancy complications arise or their baby is born premature.   Mom’s delivery of a perfectly healthy baby requires hospitalization, and that’s when the deductibles, and co pays become a factor.  Expense may quickly get out of control when health issues arise.

Supplemental hospital indemnity insurance fills the holes, and helps create maternity leave income.   Your normal labor and delivery will be a covered benefit.  You get the same cash benefit regardless of what your underlying health insurance covers.  Use the money to offset your hospitalization costs, or think of it as extra maternity leave income.

Hospital indemnity insurance is indispensible for any couple undergoing infertility treatments. 

Many infertility drugs stimulate the ovaries to produce extra eggs.  If undergoing IVF treatments consider that multiples are quite common.  The greater the number of embryos transferred the greater the odds of conception.  IUI or intrauterine insemination is most noted for multiple pregnancies as the number of embryos is more difficult to control.

Multiple pregnancies carry a greater chance of pre-term delivery.  If multiples require a NICU stay, hospital indemnity insurance will pay an additional benefit for each child.