Hospital indemnity insurance eases the worries of budgeting for medical expenses by covering part of the cost of medical office visits, prescriptions, and hospital stays even before you’ve met your main health insurance deductible. These plans are designed to supplement your standard health insurance plan. It pays you, the policyholder, fixed benefits for services covered by the plan no matter where you get care and regardless of other insurance payments.
A hospital indemnity plan will help you manage out-of-pocket expenses that inevitably come with your medical insurance plan. The price of hospital indemnity plans will depend on factors such as your age, location, and coverage amount.
Cancer insurance is a supplemental plan that helps cover medical expenses that traditional insurance may not cover. Depending on coverage, cancer insurance can also help with everyday costs such as mortgage payments, household utility bills, or medication refills. These plans usually go into effect after a cancer diagnosis, and some plans only cover certain types of cancer. The plans typically pay the policyholder directly and the funds can be used for expenses covered in the plan.
Covered expenses may include radiation, chemotherapy, lab tests, surgery, copays, deductibles, transportation, lodging, childcare, household bills, blood transfusions, x-rays, doctor appointments, prescription medications, and experimental treatments.
Eaton Agency is here to help you understand and select the best supplemental plans for your healthcare and financial needs. Planning for an unexpected hospital stay or cancer diagnosis can protect you and your family’s health and finances.
