hospital cash plans

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PostPosted: Wed Oct 27, 2010 12:59 pm   Post subject: hospital cash plans  

I do often come across health cash plan offers from so many people. I'm not really sure of whether these plans are beneficial. Are they really good for our pockets?


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Plaintiff09
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PostPosted: Thu Oct 28, 2010 2:14 pm   Post subject:   

Hospital cash plans are a relatively new form of insurance, but the market is already diverse, with various specialist and major health insurance companies offering a range of different products. The benefits and limitations of your hospital cash plan will depend on the cost and provider.

Hospital Cash Plans are designed to pay the policyholder a lump sum for each day he or she needs treatment as an in-patient in either an NHS or private hospital. This sum is tax-free. Depending on the type of policy and the level of cover, hospital cash plans can also include dental cover and other benefits.



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PostPosted: Fri Oct 29, 2010 12:44 am   Post subject:   

this is like aflac and yes they pay very fast as long as you send in your claim

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PostPosted: Fri Oct 29, 2010 6:12 am   Post subject:   

Quote:
Hospital Cash Plans are designed to pay the policyholder a lump sum for each day he or she needs treatment as an in-patient in either an NHS or private hospital.


Are they gonna pay a fixed amount for each day that the insured is treated? Or would such payment vary depending on the nature of treatment?

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PostPosted: Fri Oct 29, 2010 12:41 pm   Post subject:   

Don't expect a response from Milfordct whose post you quote. He/she copies the information from other websites and gets paid for dropping it here. When he/she writes anything original, you cannot understand it.



The post above from which you quote, comes from a UK-based website, and has little in common with the US.



Hospital "income indemnity" plans sold in the US pay when a person is admitted to the hospital, as detailed in the policy (it could be limited to accidental injuries only, in which case, being hospitalized for a heart attack would not be a covered event).



Other policies, such as "specified" (or "dread") disease policies which provide benefits when a person is diagnosed with cancer, HIV/AIDS, etc, provide listed ("scheduled") benefits depending on the treatment or services the insured requires. Not exactly the same thing as a "hospital indemnity income" policy. But similar.



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