One stomach bug could mean that you are one step away from an emergency hospital visit. Unforeseen illnesses and accidents can happen without warning. This can negatively impact everyday life and your finances, as well as your health insurance.
Although many people have extensive medical insurance, they rarely consider the additional financial costs of out-of pocket expenses even for a brief stay at the hospital. According to the Agency for Healthcare Research and Quality, an average hospital stay lasts 4.6 days and costs $11,000.
What would the average family need to give up in order to pay such a large medical bill? How about eating out for a year, weekly lawn care, maid service or family movie nights?
Nobody should be worried about the financial impact of hospitalizations and other expenses on their daily lives. Aflac has created supplemental hospital indemnity policies that can cover the costs of major medical insurance. Hospital insurance offers additional coverage to help families and individuals protect themselves from potentially catastrophic medical expenses. This allows them to continue living their lives as normal.
Policyholders are entitled to cash benefits if certain events occur during a hospital visit. These benefits can be used to cover treatment costs as well as expenses not covered by health insurance, such rent, gas, groceries and utilities.
Unique Needs Require Unique Benefits
It is important that you remember that not all hospital plans will be the same. Not all hospital visits must be related to an accident. Hospitalization can be caused by fever, appendicitis or earache.
Look out for plans with customizable benefits such as telemedicine and diagnostic exams. These will provide you and your family the coverage that you need. Combining hospital benefits with your existing coverage can help you to protect yourself from any future mishaps.
Be ready for the Unexpected
Your life does not have to change despite changes in your health. Benefit options that are tailored to your specific needs can help you protect your lifestyle. Talk to your HR representative about making supplemental insurance for hospital indemnity available at work.
Visit this page to learn more about Aflac’s hospital indemnity policy. www.aflac.com/hospital.
