Thinking about a hospital stay is never fun, but being prepared can make all the difference. That's where a hospital indemnity plan comes in! This type of supplemental insurance can be a game-changer, especially if you have a high-deductible ACA plan or a Medicare Advantage plan. How Does It Work? A hospital indemnity plan pays you a fixed cash benefit if you're hospitalized for a covered illness or injury. The money is paid directly to you, and you can use it however you choose. This direct payment is key, as it gives you the flexibility to address your specific financial needs during a challenging time. For Those with a High-Deductible ACA Plan: Your deductible can be a major expense, and it can be hard to pay for all at once. The cash benefit from a hospital indemnity plan can help you cover that deductible, coinsurance, or any other out-of-pocket costs, so you can focus on getting well. Imagine facing a significant medical bill after a hospital stay; this plan can act as a ...