Hospital cash plans or hospital indemnity insurance plans pay you cash (typically limited to $100 a day) should you be confined to hospital.You may want to use the cash to pay for everyday living expenses such as baby-sitting and housekeeping services or for items such as travel to and from the hospital.
The cost of hospital cash plans depends on the rate per day at which you choose to be reimbursed during your hospital stay.
These plans generally exclude the same claims that are disallowed by extended health plans. They may also limit benefits based on your age.