With Z Insures Me Insurance I work directly with you to actively find the right fit for you, your family, or your business. As an independent agent I find products with multiple carriers in order to keep premiums low and the quality of coverage high. -Z

Supplemental Insurance

A Little Extra to Cover the In Between

Supplementing your policy with fixed indemnity plans or additional coverages can prepare you

Life Is full of unexpected moments and while your major medical plan will protect you against most events you can still pay out of pocket for the things your policy might not cover. Supplementing your policy with fixed indemnity plans or additional coverages can prepare you to handle medical costs and out-of-pocket expenses that often accompany these unexpected events. Choose from a wide variety of plans, coverage, deductibles and benefits so you have coverage to fit your health needs and your financial situation.

What is fixed indemnity coverage?

Traditional health insurance charges its enrollees a monthly premium, in exchange for paying for some or all of the health care services an individual receives. Fixed indemnity (also called hospital indemnity) coverage is designed differently, with payments made on a “per time period” basis. Rather than paying health care providers for providing specific services, fixed indemnity coverage provides a payment for each day (or month, or other time period) an individual is hospitalized or experiencing illness.

Historically, this benefit was understood as a form of income replacement. That is, these policies were intended not to pay for medical care directly but instead to provide an alternative source of income at a time when ability to work might be limited just as expenses were rising. Because it was thought to serve a different purpose than traditional health insurance, fixed indemnity coverage has, since the mid-1990s, been defined as an “excepted benefit” that is not subject to most federal health insurance regulations. Notably, the health insurance standards of the Affordable Care Act (ACA) do not apply to excepted benefits, so fixed indemnity coverage may change based on pre-existing conditions, decline to cover the ACA’s essential health benefits, and need not cap enrollees’ annual out-of-pocket spending.

In short, a fixed indemnity will pay a predetermined amount for anything from surgery, to prescriptions, to hospitalization, or even outpatient and preventative care.