Fixed cash benefits that help clients manage out-of-pocket costs during a hospital stay.
Hospital indemnity insurance provides fixed cash benefits when a client is admitted to the hospital or receives certain types of care. These payments go directly to the insured and can be used for any purpose, including medical bills, deductibles, travel, or everyday expenses.
For agents, hospital indemnity plans offer a straightforward way to help clients prepare for the financial impact of a hospital stay, especially when paired with other coverage.
New Horizons works with a range of carriers offering hospital indemnity products. Plans vary in benefit structure, underwriting, and eligibility, giving agents flexibility to match coverage to client needs.
Hospital indemnity plans pay a predetermined cash benefit based on covered events, such as hospital admission, daily stays, or specific treatments.
Key Features:
These plans are not designed to replace primary health coverage, but to complement it.
Hospital indemnity insurance is often used alongside other coverage to help offset gaps.
Common use cases include:
For many clients, the appeal is predictability. They know what benefit they will receive if a covered event occurs.
When discussing hospital indemnity plans with clients, it can help to focus on how the coverage fits within their broader financial picture.
Points to review:
These plans are often most effective when presented as part of a coordinated coverage strategy.
New Horizons provides access to quoting tools, carrier materials, and guidance to help you evaluate hospital indemnity options.
Depending on the carrier, you may be able to:
Our team is available to help you identify appropriate options for your clients.
Hospital indemnity plans can help clients manage the financial impact of a hospital stay with predictable, flexible benefits.
