Why Is Hospital and Doctor Indemnity Insurance Worth a Look?

An indemnity plan can help with many initial health care costs

Looking for a health insurance product to help you feel like you’re getting what you’re paying for? If so, Hospital and Doctor fixed indemnity insurance may be what you’re looking for.1

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What is fixed indemnity insurance? It’s an insurance plan that pays a “fixed,” meaning set or predetermined, benefit for a series of covered expenses clearly outlined in the plan. Simply put, with a Hospital and Doctor indemnity plan, when you are hit with a certain medical expense, you get a certain benefit paid almost immediately.2

Seeking some financial satisfaction with indemnity insurance

Your major medical plan likely has deductibles, copays and coinsurance payments that make it seem like even though you’re the one who’s paying the premium, you’re still the one paying out of pocket first. Hospital and Doctor indemnity health insurance flips that feeling around.

When you have a medical service that’s covered under your indemnity plan, once you submit your expense, your benefit is paid. There is no waiting. You finally get the immediate gratification of seeing some of your health care costs cut down up front.

Getting back in control with indemnity insurance

Once a year, you are given a few months in which to buy major medical health insurance. After you have that coverage, you get a list of doctors and facilities you can use, a chart with drug preferences, or procedures to follow to see a specialist. All that can make you feel like your health care decisions aren’t always yours to make.

Hospital and Doctor indemnity insurance puts a measure of control back in your hands because:

  • You can apply for it year-round on your schedule.
  • Benefits are paid per covered service, meaning you can go to any doctor or facility you want and receive the same benefit for the same service.3
  • An indemnity plan like Health ProtectorGuard, underwritten by Golden Rule Insurance Company, pays you cash directly. That means the choice of how to use that cash—pay your medical bill or pay a different bill—is up to you.

Covering Common Expenses

One of the best features of Hospital and Doctor indemnity insurance is that it covers many likely medical expenses you and your loved ones might have. Whether it’s a quick visit to the doctor or urgent care, an unexpected lab expense or a surprise trip to get an X-ray, plans are designed to help with the kinds of health care costs everyone inevitably faces.

Expanding your health care options with indemnity insurance

It can be frustrating to have health insurance only to find yourself in a situation where you can’t take advantage of the coverage you have because of network restrictions. An indemnity plan can ease those frustrations by paying set benefits regardless of where you get a covered medical service.

Do you often travel outside your network area? Do you have a regular doctor you trust that isn’t part of your network? Indemnity health insurance expands your health care options in any situation where your main health insurance network restrictions are too tight. 

Indemnity insurance is meant as a supplement to health insurance and is not a substitute for the minimum essential coverage required by the Affordable Care Act (ACA). Lack of major medical coverage (or other minimum essential coverage) may result in an additional payment with your taxes.

1 This product provides limited benefits. This is a supplement to health insurance and is not a substitute for the minimum essential coverage required by the Affordable Care Act (ACA). Lack of major medical coverage (or other minimum essential coverage) may result in an additional payment with your taxes.

2 Benefits are not paid for expenses resulting from preexisting conditions. See specific plans for details.

3 If you have a major medical plan, remember that you may need to stay with certain networks and providers to get the most coverage out of that plan. Take that into consideration when choosing where you get your care. 

No individual applying for health coverage through the individual Marketplace will be discouraged from applying for benefits, turned down for coverage, or charged more premium because of health status, medical condition, mental illness claims experience, medical history, genetic information or health disability. In addition, no individual will be denied coverage based on race, color, religion, national origin, sex, sexual orientation, marital status, personal appearance, political affiliation or source of income.

References to UnitedHealthcare pertain to each individual company or other UnitedHealthcare affiliated companies.

Each company is a separate entity and is not responsible for another’s financial or contractual obligations.

Administrative services are provided by United HealthCare Services, Inc. or their affiliates.

Products and services offered are underwritten by Golden Rule Insurance Company, Health Plan of Nevada, Inc., Oxford Health Insurance, Inc., UnitedHealthcare Life Insurance Company, UnitedHealthcare of the Mid-Atlantic, Inc., UnitedHealthcare of New York, Inc.

This policy is subject to various exclusions and limitations. For costs and complete details of the coverage, call (or write) your insurance agent or the company (whichever is applicable).