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?
Total Comments: 4
Posted: Thu Oct 28, 2010 02:14 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.
this is like aflac and yes they pay very fast as long as you send in your claim
Posted: Fri Oct 29, 2010 06:12 am Post Subject:
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?
Posted: 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.
Posted: Thu Oct 28, 2010 02:14 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.
Health (medical) insurance
Posted: 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
Posted: Fri Oct 29, 2010 06:12 am Post Subject:
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?
Posted: 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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