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

The insurance policy that pays benefits in cash when Chris Jones is hospitalized is a hospital indemnity insurance. This type of insurance provides a fixed daily, weekly, or monthly benefit when an insured is hospitalized due to an illness or accident. It is meant to cover the out-of-pocket costs of hospitalization, such as deductibles and co-pays.

Chris Jones Has an Insurance Policy That Pays Benefits in Cash