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LICOA HOSPITAL INDEMNITY INSURANCE2Hospital Indemnity

What is hospital indemnity insurance?

Hospital indemnity insurance is a type of plan that pays a set amount – per day, per week, per month, or per visit – when you’re sick or injured and require medical care. The Hospital Confinement Indemnity Plan is a hospital indemnity insurance plan.

How is the Hospital Confinement Indemnity Plan different from a traditional medical plan?

Medical insurance reimburses the insured, or provider, for covered and approved medical services, procedures, equipment, and prescription drugs. The Hospital Confinement Indemnity Plan pays benefits directly to the insured for a covered hospital confinement, emergency accident or sickness.

How is the Hospital Confinement Indemnity Plan benefits paid?

When you experience a hospital confinement, emergency accident or sickness, you submit a claim form along with the required documentation for services received. You will receive a payment as described in the policy. You can use the cash for whatever you choose.