HOSPITAL INDEMNITY PLANS
The average expenditure for a hospital stay is $8,793.
The average age of a hospital inpatient is approximately 53; 38% are age 65 years and over and 24% are age 75 years and over.
The average inpatient hospital length of stay is 5.5 days for people age 65 years and over, 5 days for those aged 45-64 years, and 3.7 days for those aged 15-44 years.
The increasing number of Americans age 65+ has the potential to greatly increase the nation's already high health care costs. The cost of providing health care for one person age 65+ is approximately three to five times greater than the cost for someone younger than 65.
As concerning as these statistics are, there is an alternative to help pay the increasing out-of-pocket expenses that today’s medical insurance does not cover.
Hospital Indemnity Plans offer cash benefits to help bridge the gaps that other insurance plans leave for you to pay. It’s that extra coverage that makes sense, and in the end, with Hospital Indemnity Plans you have additional protection when you need it . . . ‘just in case’.
Daily Inpatient Hospital Benefits
Hospital Indemnity Plans will pay the daily benefit you selected for covered hospital stays that are due to an Injury or Sickness. They will pay this benefit for each day you stay in the hospital, up to the number of days you selected, for each period of care. Full inpatient hospital benefits are restored after you have been out of the hospital for 30 days in a row.