Supplemental Benefits
Do You Need Hospital Indemnity, Critical Illness, or Both?
Hospital indemnity pays $500 to $2,000 per admission for any hospital stay ($20 to $60/month). Critical illness pays a $10,000 to $50,000+ lump sum for cancer, heart attack, or stroke ($25 to $80/month). Both pay cash directly to you, regardless of your health insurance. According to KFF, the average 3-day hospital stay costs over $30,000.
Get a Supplemental Coverage Quote
Tell us about your needs and we'll help you find the right hospital indemnity or critical illness coverage.
How Does Hospital Indemnity Insurance Work?
Hospital indemnity pays a fixed cash benefit when you're hospitalized, regardless of what your health insurance covers. The KFF reports the average deductible for employer-sponsored plans reached $1,735 in 2024, and marketplace plan deductibles often exceed $3,000.
- • Cost: $20 to $60/month
- • Admission benefit: $500 to $2,000 per hospital admission
- • Daily benefit: $100 to $500 per day hospitalized
- • Guaranteed issue: Many policies require no health questions
- • Cash can be used for any purpose, bills, rent, groceries
How Does Critical Illness Insurance Work?
Critical illness pays a lump-sum cash benefit upon diagnosis of a covered condition. The American Cancer Society estimates 1 in 3 Americans will be diagnosed with cancer, and the AHA reports nearly 1 million heart attacks occur annually.
- • Cost: $25 to $80/month
- • Lump-sum benefit: $10,000 to $50,000+
- • Covers: Cancer, heart attack, stroke, organ failure, and more
- • Severity tiers: Some policies pay different amounts based on severity
- • Helps cover treatment costs and non-medical expenses
What About Accident and Cancer Insurance?
Accident Insurance
$15 to $40/moPays cash benefits for accidental injuries, broken bones, ER visits, dislocations, burns. The CDC reports over 29 million ER visits annually for unintentional injuries. Popular with active families and those with children in sports.
Cancer Insurance
$20 to $60/moProvides cash benefits specifically for cancer diagnosis and treatment. With about 2 million new cancer cases annually (ACS), this is a targeted alternative to broader critical illness coverage. Consider which fits your risk profile better.
When Are These Products Most Valuable?
High-Deductible Health Plans
With deductibles of $3,000 to $7,000+, hospital indemnity and critical illness can cover most or all of your out-of-pocket costs during a health event.
Medicare Advantage Members
MA plans charge copays of $250 to $400+ per hospital admission and 20% coinsurance for many services. These products offset costs during serious health events.
Single-Income Families
If a hospitalization or serious illness would create financial hardship, lost wages plus medical bills, cash benefits provide a critical safety net.