Most of us avoid going to the hospital whenever possible, choosing to see our primary care doctor or visit an urgent care instead. Sometimes in a medical emergency, however, a hospital is better equipped to provide the tests and intensive care that you need. You shouldn’t have to choose between receiving care and avoiding medical debt. Hospital insurance provides an extra financial safety net for those times when a medical crisis results in a trip to the hospital. At Nunes Partners, we provide a number of supplemental hospital insurance plans that will help protect you financially while you get the medical care you need.
Indemnity means that you are protected from a financial loss. Hospital insurance, also known as hospital indemnity coverage, pays you cash if you are admitted to a hospital for a period of time. Depending on the plan, you may be paid based on the amount of nights stayed or the type of treatment that you received. Here are a few of the benefits of hospitalization coverage:
You’ll also receive the same payout even if your primary insurance pays 100% of your medical bills. From child-birth to illnesses and injuries, hospital insurance makes planned and unplanned hospital visits easier to manage.
According to a transparent pricing guide from a Colorado hospital, an ER visit can cost anywhere from $500 to over $5500 before insurance. This amount doesn’t even include lab work, radiology, supplies, or medication! After insurance, you will still be responsible for a copay, coinsurance, and/or deductible, which could stick you with a large portion of the bill. If you are admitted to the hospital after your ER visit, those bills will continue to add up. Hospital insurance with emergency room coverage can help minimize the effect on your finances.
Supplemental insurance plans help cover the gaps in your healthcare plan. Whether you have traditional health insurance or a medical cost sharing plan, you will still be responsible for a portion of your bills. If you can’t pay your deductible or initial unshareable amount without financial hardship, supplemental insurance is a great way to protect yourself. At Nunes Partners, we offer supplemental plans for accidents, cancer and critical illness, and hospitalization so you can be prepared for anything. Contact us today to discuss supplemental insurance or a complete alternative healthcare plan.
