Hospital Indemnity Insurance Worth It Reddit. The covered offered may only cover specific injuries, illnesses, medical procedures, and/or drugs. Fixed indemnity products are offered in problematic and nontransparent ways in the individual market for health insurance and by employers offering coverage to.
It is only beneficial, however, if you have the aforementioned insurance already established. Fixed indemnity insurance isn’t the same as major medical coverage. Labor wound up being 26 hrs plus two days postpartum so i got 3 days of hospitalization paid.
We feel that hospital indemnity insurance is worth the money.
Like with any other insurance, you pay a fixed monthly premium for these plans, and you can usually buy them for yourself, your spouse. Also, we decided to go with supplemental life insurance covering us at $124,000 ($1.98 a pay period) above the $31,000 of life insurance the employer provides for free. We at my family life insurance believe the low monthly premiums combined with the extensive coverage benefits make accident insurance worth the money. While you may use the cash you receive for these expenses, hospital indemnity payments are meant to help you fill the gap for.