The High Cost of Hospital Stays: How HospitalWise Insurance Can Help

No one wants to think about being hospitalized, but unfortunately, it’s something that can happen to anyone at any time. And while medical insurance can help cover many expenses, it’s important to remember that it doesn’t always cover everything. In fact, hospital stays can be incredibly expensive, with costs adding up quickly. According to a recent study, the average daily cost of a hospital stay is over $2,000, with the average stay lasting around 4.5 days. That’s over $10,000 for just one injury or illness! Even if you have medical insurance, out-of-pocket expenses can still be more than $1,000 for hospitalization, while serious conditions can result in costs of $1,500 or more.

Thankfully, there is a way to help offset these costs and ensure that you’re financially protected in the event of a hospital stay. Supplemental hospital insurance plans can provide an extra layer of financial protection so that you can focus on what really matters: your health.

Hospital plans can vary and the plan we love at Utah Avenue insurance, you’ll receive direct cash payments for each day of hospital confinement due to sickness or injury. These cash benefits are paid directly to you, not your doctor or hospital, which means you can use the funds as you see fit.

These plans are available for the whole family, including spouses and children, and with coverage starting at just under $7 per month, it’s an affordable option for anyone up to age 90. These plans provide a wide range of benefit level options, so you can choose the coverage that best fits your needs and budget.

Signing up for HospitalWise is easy and hassle-free, with no medical history checks, no prescription checks, and no personal history interview required. And with the plan being renewable for life, you can enjoy the peace of mind that comes with knowing you’ll always be covered. A local agent at Utah Avenue Insurance can be a valuable resource in helping you compare different insurance options and plan benefits. They can provide personalized guidance based on your specific needs and budget, helping you to understand what is covered and which benefit levels will be the best fit for you. With their expertise and knowledge of the insurance industry, they can also help you navigate any confusing terms or conditions in your policy, and ensure that you have a clear understanding of your coverage. By working with a local agent, you can have peace of mind knowing that you are making an informed decision and are adequately protected in the event of an unexpected event or emergency.

But hospital plans don't just stop at hospital confinement benefits. Some plans also offer additional benefits, such as the hospital observation benefit, which pays a fixed benefit if you are in the hospital for a 12- to 24-hour observation period. Other optional riders include the Lump-Sum Hospital Confinement Rider, the Outpatient Surgery Rider, the Skilled Nursing Facility Rider, the Emergency Care Rider, and the Ambulance Transport Rider. These riders provide access to more benefits, which pay you in addition to the base daily benefits, so you can have even more financial protection in the event of an unexpected hospitalization.

In conclusion, while hospital stays can be incredibly expensive, there are ways to ensure that you’re financially protected. Hospital insurance provides an extra layer of financial protection, offering cash benefits for each day of hospital confinement due to sickness or injury. With a wide range of benefit level options, affordable premiums, and optional riders, Hospital insurance is a smart choice for anyone looking to prepare for the unexpected.