Type of insurance that has certain benefits for hospital services and associated medical expenses for treatment of a illness or injury. Most policies cover hospital charges for room and board and hospital services, surgeon’s and physician’s fees during a hospital stay, specific outpatient expenses, and extended care services such as convalescent or nursing home costs. Also called hospital-surgical expense insurance .
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Health insurance protection against the costs of hospital care resulting from the illness or injury of an insured person.
Insurance Encyclopedia
Hospital Expenses Insurance
See: “Health Insurance.”
Hospital extras allowance
Group insurance benefit that covers hospital supplies and services other than room and board daily charges (e.g., x-rays, laboratory tests, medications, surgical dressings, anesthetics, use of an operating room). Also called miscellaneous hospital expense benefit .
Hospital Income Insurance
See: “Health Insurance.”
Hospital income insurance (Health Insurance)
Insurance that provides an income while the insured is in the hospital. This type of policy pays out on a weekly or monthly basis. The benefit paid out can be used to pay hospital expenses or for whatever purpose the insured chooses.
Hospital indemnity (Health Insurance)
A type of coverage that does not take into account the actual amount of expenses incurred through a hospital stay or other care provided by a hospital. This coverage pays out on a regular basis, for example, weekly or monthly.
Hospital indemnity insurance
Type of insurance that pays a certain cash amount for each day that the patient is in the hospital up to a specific number of days without taking into account the actual expense of the confinement. Some policies may provide higher benefit amounts if the insured is in an intensive or cardiac care unit. Indemnity insurance does not fill gaps in the Medicare coverage. Also called hospital confinement insurance .
Hospital input price index
Another name for “hospital market basket.” See hospital market basket .
Hospital insurance (Health Insurance)
Under Part A of Medicare, coverage for inpatient hospital stays, home health care provided by a nurse, and hospice care. Some services require a co-payment or deductible.
hospital insurance (HI)
1. See hospital indemnity insurance . 2. Medicare Part A under Title XVIII of the Social Security Act, in which coverage is generally provided automatically, and free of premiums, to (a) persons age 65 or older who are eligible for Social Security or Railroad Retirement benefits, whether they have claimed the monthly cash benefits or not, and (b) certain government employees and certain disabled individuals. This program provides basic protection against the costs of inpatient hospital services, posthospital skilled nursing care, home health services, and hospice care.