Chris Jones has an insurance policy that pays benefits in cash when he is hospitalized.What type of insurance would this be?

Question

Quizplus · Accepted Answer

A hospital indemnity insurance policy is the type of insurance that pays benefits in cash when the insured person is hospitalized. This type of insurance is designed to help with expenses that are not covered by traditional health insurance. Comprehensive major medical insurance provides coverage for a wide range of medical expenses, long-term care insurance provides coverage for long-term care needs, cancer insurance provides coverage for cancer treatment, and disability income insurance provides coverage for lost wages due to disability. None of these policies pay benefits in cash specifically for hospitalization.

Chris Jones Has an Insurance Policy That Pays Benefits in Cash