Your Medicare Advantage plan is great for everyday care, but it does leave you exposed if you end up in the hospital. Most plans charge $200–$400 per day for the first several days. A hospital indemnity plan pays you cash for each day you’re admitted — usually more than enough to cover those copays.

The money goes directly to you, not the hospital, and you can use it for anything: medical bills, travel, lost income, or even groceries.

It’s inexpensive, and it fills the biggest financial gap in Medicare Advantage.

WHY HOSPITAL INDEMNITY?

Hospital stays can strain even the healthiest of budgets. And in many cases, you can’t ignore the care you need even if it pushes you financially. Hospital Indemnity insurance plans provide payment for each day spent in the hospital, and for some other qualified expenses as well. That’s money you can use as you choose, whether for hospital bills or those other costs that come up while you’re recovering.