Scheid and Associates

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136 South 9th Street, Suite 17
Noblesville, IN  46060

463-238-2222
Fax: 463-333-8649

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Hospital Indemnity Insurance

Hospital indemnity plans are a supplemental health coverage typically used to offset the costs associated with major medical, Medicare and Medicare Advantage plans.  Typically, Hospital Indemnity insurance allows the policyholder to choose a per-day cash benefit amount and a benefit period, which is the maximum amount of days the policy will pay. Usually, there isn’t a deductible or a specified network of providers.

This coverage provides financial protection, limiting your out-of-pocket costs.

  • You can use the money for whatever you want from medical bills to household expenses during treatment.
  • The plan is portable, meaning that it’s yours even if you change jobs, move to a different state or go
    on Medicare.
  • Unlike health insurance premiums, hospital indemnity insurance premiums usually stay the same unless approved by the state’s insurance commission, allowing the carrier to increase the rates on all policies of the same type.
  • Your policy can be renewed, as long as you pay the premiums on time.
  • Your plan might include free telemedicine consultations or a bill negotiator who can help you if you
    have problems.

Although it is possible to rely solely on this type of insurance for medical costs, it’s not recommended. Hospital indemnity insurance doesn’t cover normal doctor visits, prescription drugs and various other regular health care costs. Hospital indemnity insurance is actually designed to supplement your health insurance.

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Scheid and Associates


Currently licensed in CA, CO, FL. GA, IA, IL, IN, MD, MI, MS, NC, NJ, NM, NV, PA, SC, TX, UT, VA, WI


463-238-2222


The following disclosure is provided for our Medicare clients:
We do not offer every plan available in your area. Any information we provide
is limited to those plans we do offer in your area. Please contact Medicare.gov
or 1-800-MEDICARE to get information on all of your options.


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136 South 9th Street, Suite 17, Noblesville, IN  46060 | Fax: 463-333-8649

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Menu
  • Home
  • About Our Firm
    • About Our Firm
    • Walt Scheid, Principal
    • Directions to Our Location
    • Contact
  • Our Services
    • Business Life Insurance and Executive Solutions
    • Individual Insurance Products
    • Retirement Plans
  • Our Carriers
  • Newsletters
  • Calculators
    • How Much Life Insurance Do You Need?
    • Plan Your retirement