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Hospital expense coverage provides specific benefits for daily hospital room and board and usual hospital services and supplies during hospital stays.
If you are hospitalized, most patients have to meet a deductible before any benefits are paid or perhaps your insurance only pays a percentage of the total cost, for example 80% covered means 20% of the cost comes out of your pocket. With the high and rising costs of healthcare, many feel much safer and more protected with the added benefits of hospital insurance to avoid the financial burden that can develop in the event of illness or an accident which requires hospitalization.
Hospital/medical coverage may be extended in one of three ways
* A policy usually sold in combination with a physicians or surgical expense policy that provides benefits for both surgical operations and doctors in-hospital visits
* A major medical policy that provides broad and substantial coverage for many types of medical expenses
* A combination of hospital-physician-surgical coverage plus a supplemental major medical policy.
Room and board benefits are usually stated in one of two ways
* Indemnity plans reimburse for the actual room-and-board charge up to a specified maximum dollar amount per day for hospital confinement.
* A service-type benefit that pays the full cost of a “semi-private” room-and-board charge.
Article by: Insurance Finder
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