No matter how good your medical insurance is, when you are hospitalized for an injury or illness there will probably be medical expenses and out-of-pocket costs that are not covered. A hospital confinement indemnity insurance policy provides cash benefits to use as you see fit.
The benefits are predetermined and paid regardless of any other insurance you may have. Reliance Matrix offers competitive group rates and convenient payroll deduction so you do not have to worry about writing a check or missing a payment.
As long as you are actively at work and meet your employer's eligibility requirements, you can elect the coverage. The hospital indemnity does not have a waiting period or pre-existing condition limitation.
Hospital indemnity insurance pays a daily benefit if you have a covered stay in a hospital or intensive care unit, on or after your coverage effective date. The benefit amount is determined based on the type of stay and the number of days you stay.
No. Hospital indemnity insurance is a limited benefit policy. This is not health insurance and does not satisfy the requirement of minimum essential coverage under the Affordable Care Act.
Hospital indemnity pays a set benefit for services rendered when admitted to the hospital and for every day you are in the hospital.
