Which health insurance policy pays benefits only when you are hospitalized, but pays these benefits in cash which you can use as you like?

Question

Quizplus · Accepted Answer

The health insurance policy that pays benefits only when you are hospitalized and pays in cash that you can use as you like is called hospital indemnity insurance. It provides a fixed daily, weekly, or monthly benefit amount while you are in the hospital. This type of policy does not cover your medical expenses directly but provides a lump sum payment that can be used for any purpose.

Which Health Insurance Policy Pays Benefits Only When You Are