Hospital Indemnity Select from ManhattanLife Explained
Hospital Indemnity Select from ManhattanLife is designed to supplement existing health coverage by addressing some of the costs associated with inpatient care. While health insurance plays a prominent role in helping individuals across medical care, it may not eliminate every expense associated with a hospital stay. From admission copays to inpatient cost-sharing, certain financial responsibilities can remain even after coverage begins.
This article covers Hospital Indemnity Select in depth. It explains why hospital costs and out-of-pocket expenses feel so unpredictable, how supplemental health insurance can help cover hospital costs, how hospital indemnity select from ManhattanLife works and the benefits of Hospital Indemnity Select.
Why Hospital Costs and Out-of-Pocket Expenses Feel So Unpredictable
Hospital stays are rarely planned and the bills associated with them can escalate quickly. Even individuals with major medical insurance or Medicare Advantage coverage may still face admission copays, daily hospital charges, deductibles and other unexpected out-of-pocket expenses. That’s where hospital indemnity insurance may be effective.
More specifically, Hospital Indemnity Select can provide cash benefits to help offset certain hospital-related costs, including admissions and inpatient stays. Rather than replacing traditional health insurance, this plan is intended to supplement existing coverage and help individuals better manage the financial impact of a hospitalization. To highlight this further, let’s make a quick comparison between hospital costs versus everyday life purchases.
When you stroll down the grocery store aisle, product prices are typically visible and straightforward. Unfortunately, exact healthcare expenses are sometimes less clear or tough to anticipate. A hospital stay may create meaningful financial strain, especially for retirees, individuals on fixed incomes or families balancing multiple medical expenses at once.
According to KFF, the average expense per inpatient hospital day in the United States exceeded $3,000 in 2024, meaning that even a brief hospital stay can bring about substantial medical costs.¹
Data like this may encourage consumers to seek supplemental coverage options like Hospital Indemnity Select that can offer additional financial support after an unexpected medical event.
How Supplemental Health Insurance Can Help Cover Hospital Costs
For many people, the concern isn’t simply receiving medical care, it’s managing the out-of-pocket expenses that may follow.
Among supplemental health insurance companies, hospital indemnity products have become increasingly popular because they can help individuals prepare for the unpredictable nature of healthcare costs. Unlike standard major medical coverage, hospital indemnity insurance focuses specifically on helping with the financial gaps that can arise during a hospital stay. For consumers evaluating their options, understanding how supplemental coverage, like Hospital Indemnity Select, works can be an essential part of long-term financial planning and a broader preparedness strategy.
How Hospital Indemnity Select from ManhattanLife Works
To better grasp how hospital indemnity works, consider the following example that applies our Hospital Indemnity Select product.
Barbara is 66 and lives in Texas. Barbara was diagnosed with strep throat and bronchitis. After her condition worsened, she was admitted to the hospital where she utilized (4 days) of her 6-day benefit. Although Barbara had a Medicare Advantage Plan, her out-of-pocket expenses quickly ballooned to $1,500 ($500 for an admission copay and a $250 copay per day (4) for hospitalization).
Fortunately, Barbara had an active ManhattanLife Hospital Indemnity Select plan in place, with a Lump Sum Hospital Admission Rider ($750) and a 4-day Hospital Confinement Benefit ($700).
Hospital Indemnity Select was effective for Barbara as she was able to offset her out-of-pocket costs with $3,550 in paid benefits.
This example demonstrates how a Manhattan Life indemnity plan may help individuals manage certain healthcare-related expenses that traditional coverage may not fully address.
Benefits of Hospital Indemnity Select from ManhattanLife
A Manhattan Life hospital indemnity plan is less about replacing traditional health coverage and more about helping individuals prepare for the financial gaps that can emerge during a hospital stay.
When recovery is the priority, reducing financial uncertainty can make a profound difference. Supplemental coverage may help individuals focus more on healing and less on the stress of unexpected medical bills.
To learn more about Hospital Indemnity Select from ManhattanLife for individuals, seniors and families, please visit our Hospital Indemnity page.
Like a hospital indemnity plan, accident insurance may provide further financial support and help offset the burden of out-of-pocket costs. Read our blog article What Is Accident Insurance? for a simple overview.
Benefits and riders may vary by state and may not be available in all states. The claim example used is not an actual policyholder or claim example and is for example purposes only.
Get in Touch
Works Cited
1. Kaiser Family Foundation. (2024). Hospital adjusted expenses per inpatient day. KFF. https://www.kff.org/health-costs/state-indicator/expenses-per-inpatient-day/?currentTimeframe=0&sortModel=%7B%22colId%22:%22Location%22,%22sort%22:%22asc%22%7D