A hospital stay can come with costs that go beyond what Medicare covers — copays, deductibles, transportation, meals, and other out-of-pocket expenses. Hospital indemnity insurance is designed to help with those extra costs.

These plans pay you a set cash benefit for each day you are hospitalized. You can use that money however you need — for medical bills, household expenses, or anything else that comes up during your recovery.

Hospital indemnity plans are simple and flexible. They work alongside your existing Medicare coverage, not instead of it.