With Medicare Advantage plans, your out-of-pocket costs can vary depending on the specific plan you choose. Many plans include copays for hospital stays and other services, which can add up quickly depending on the length of stay and care received.

A Hospital Indemnity plan provides a fixed cash benefit—often paid per day, per stay, or per service—which you can use however you choose. This can help ease the financial burden by assisting with:

• Hospital copays and coinsurance

• Follow-up care or outpatient services

• Prescription costs

• Everyday living expenses while recovering