Hospital Indemnity
Reduce financial risk
Hospital Indemnity Insurance:
A Financial Safety Net
Hospital stays can put added stress on anyone– from a health and financial point of view. Medical bills, in fact, are the largest cause of people filing for bankruptcy.
One hospital stay could quickly use up an entire deductible and out-of-pocket maximum on your health insurance plan.
Presidential Life offers hospital indemnity insurance to provide financial support to individuals who are hospitalized, reducing financial risk and making hospital stays far less cost prohibitive.
How Hospital Indemnity Insurance Works
A hospital indemnity policy is supplemental insurance. It pays a lump sum benefit or ongoing payments to the policyholder or their designated beneficiary upon the hospitalization of the insured individual, regardless of the cause of the hospitalization.
The policy can be used to help fill in gaps in medical insurance. It covers out-of-pocket expenses such as high deductibles, co-payments, and other hospital-related costs not covered by traditional health insurance,
We provide flexible plans to choose the right policy that suits your needs.
