Large medical bills, expected or not, can be stressful. Oftentimes, consumers must meet their health insurance deductible before plan benefits fully kick in. Hospital indemnity plans can help reduce out-of-pocket costs by paying fixed benefit amounts for covered medical expenses resulting from hospitalization or surgery.
This type of coverage may be the right fit if you are looking for:
This is not qualifying health coverage (“Minimum Essential Coverage”) that satisfies the health coverage requirement of the Affordable Care Act. If you don't have Minimum Essential Coverage, you may owe an additional payment with your taxes.