Hospital Indemnity Plan
Paramount Insurance Brokers' Hospital Indemnity Plan offers the coverage you need for wherever life leads you. Choose your Inpatient Hospital Benefit and select additional riders to customize your plan. We understand that there is not a one size fits all approach to health care coverage. That's why we offer a Hospital Plan that can be tailored to fit your specific needs.
Stay Protected for the Unexpected
129.8 Million
visits to the emergency room every year
4.5 Days
is the average length of a hospital stay
What This Plan Covers
Daily Inpatient Hospital Benefits
We'll pay the daily benefit you selected for covered hospital stays due to an injury or sickness. This benefit is paid for each day you stay in the hospital, up to the number of days you selected, for each period of care.
Observation Unit Benefits
We'll pay the daily benefit you selected for covered observation unit stays due to an injury or sickness. This benefit is paid for each day of your stay, up to the number of days selected, for each period of care.
Emergency Room Benefits
We will pay the Emergency Room Benefit for each period of care for services received in a hospital emergency room or hospital affiliated emergency care facility due to an injury or sickness.
Plan Highlights
Covered in All 50 States
"Your Hospital Indemnity policy provides coverage in all 50 states, no matter where you live or where you purchased your policy."
Note: This policy excludes benefits for care or expenses for treatment, services, or supplies received outside the United States.
Optional Riders
One of the biggest advantages of a Hospital Indemnity Plan is the ability to customize it. Add optional riders to fill in the gaps and build a plan that fits your life.
Lump Sum Cancer Benefit
We'll provide the cash benefit you've chosen upon your first diagnosis of cancer while under the policy's coverage. This ensures added financial support during challenging times. Having this safety net can offer invaluable peace of mind, allowing you to focus more on recovery and less on financial stresses.
Lump Sum Hospital Confinement
We'll pay the cash benefit of your choice should you undergo a hospital stay due to an accident or sickness, once for every care period. This advantage assists in counterbalancing out-of-pocket costs like copays, coinsurance, and deductibles.
Lump Sum Outpatient Surgery
Receive a cash benefit of your choosing should you undergo a surgical procedure executed by a Physician in an Ambulatory Surgical Center or the Outpatient Facility of a Hospital. This coverage ensures that even when facing surgical interventions, your financial concerns are minimized.
Skilled Nursing Facility
We'll disburse the daily cash benefit of your choice if you're admitted to a skilled nursing facility due to a covered sickness or injury from days 21 to 100. This provision ensures that during prolonged stays, you receive consistent financial support. This added coverage alleviates immediate medical expenses.
Ambulance
Upgrade your coverage with our Ambulance Service Rider. In the face of unexpected medical emergencies, swift transportation shouldn't be a financial burden. Benefit from up to $200 each time you use ambulance services, whether by air or water. Navigate emergencies with confidence and less financial stress.
Wellness
Be proactive with your health by adding additional coverage. This covers expenses for your annual health screening tests. You can receive up to $100 each calendar year, encouraging regular check-ups and early detection of potential health issues.
Talk to one of our licensed Paramount agents today to find out which riders are right for you.
Plan Builder
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Ready to Get Covered?
Our team at Paramount Insurance Brokers is here to walk you through every option and help you build a plan that fits your needs and budget. Give us a call or book a free consultation today.
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