Hospital indemnity policies definition

Hospital indemnity policies means policies which pro- vide benefits in a stated amount for confinement in a hospital, regardless of the hospital expenses actually incurred by the insured, due to such confinement.
Hospital indemnity policies means policies which pro- vide benefits in a stated amount for confinement in a hospital,
Hospital indemnity policies means policies which provide benefits in a stated amount for confinement in

Examples of Hospital indemnity policies in a sentence

  • Hospital indemnity policies are often sold as riders to disability income policies, but may also be sold as standalone policies.

  • Hospital indemnity policies reimburse policyholders for time spent in a hospital or recovering from medical procedures as an outpatient.

  • If less than 60 days elapse between your previous coverage and your new policy's effective date, the insurer may impose no new waiting period for pre-existing conditions.Caution: Hospital indemnity policies, accident policies, and other limited benefit policies pay only a limited amount in very specific situations and are not a substitute for a basic hospital/medical policy.

Related to Hospital indemnity policies

  • Health insurance carrier or "carrier" means any entity subject to the insurance

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.

  • Environmental Indemnity means that certain Environmental Indemnity Agreement, dated as of the date hereof, executed by Borrower and Guarantor in connection with the Loan for the benefit of Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.