Healthcare & Insurance
Indemnity Insurance
This insurance offers a cash benefit upon qualifying events, providing freedom to use the funds as needed, be it medical expenses, travel, or household bills. Such protection serves as an excellent supplement, filling in the gaps of traditional health or Medicare coverage.
Protect your financial stability with contingency coverage that adapts to life's unpredictable curveballs. Contact us now to fortify your financial future with our indemnity options!
How does indemnity insurance work?
Indemnity insurance pays you a fixed cash amount when a covered event happens—like a hospital stay, accident, or cancer diagnosis. The money goes directly to you, not the hospital.
Do I have to use the money for medical bills?
No. You can use the benefit however you need—whether it’s for medical costs, mortgage payments, travel, or everyday expenses.
Can I have indemnity insurance along with my regular health or Medicare plan?
Yes. Indemnity insurance is designed to work alongside your main health or Medicare coverage to help cover gaps and out-of-pocket costs.
Is there a waiting period before coverage starts?
It depends on the type of policy. Accident coverage often starts immediately, while cancer or critical illness plans may have a short waiting period.
Are benefits pain more than once?
Yes. Hospital indemnity and accident policies may pay multiple times for covered events, while cancer or critical illness policies can pay either a lump sum or recurring benefits depending on the plan.
Do I need to submit medical bills to get paid?
Usually, no. You just submit proof of the covered event (like hospital admission paperwork or accident report), and the insurer pays you the benefit.
Is there an age limit for enrollment?
Yes, most indemnity policies have age limits for enrollment.
Hospital indemnity: often available up to age 85.
Accident indemnity: usually issued up to age 64–70.
Cancer/critical illness indemnity: typically available up to age 70–85 depending on the carrier.
Once enrolled, most plans let you keep coverage for life as long as premiums are paid.
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