Question

Which of the following types of policies pays a stated amount for each day an individual is hospitalized?

1) Health insurance
2) Disability insurance
3) Long-term care insurance
4) Hospital indemnity insurance

Answer 1

Hospital indemnity insurance pays a stated amount for each day an individual is hospitalized.

Step-by-step explanation:

The type of policy that pays a stated amount for each day an individual is hospitalized is Hospital indemnity insurance. Hospital indemnity insurance provides a daily cash benefit for each day the insured person is hospitalized. This benefit is paid directly to the insured, regardless of the actual cost of hospitalization or other medical expenses.